Everett cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexEverettMassachusettsNational
Cost of living index139132100
IndexEverettMassachusettsNational
Goods & Services index131117100
Groceries index106108100
Health care index133121100
Housing index164167100
Transportation index113109100
Utilities index158129100
A general overview of the cost of living index for Everett, MA is displayed above. In Everett, MA, the overall cost of living index is 139, which is 5% higher than the Massachusetts average and 39% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Everett, MA, the city's goods and services are 12% higher than the Massachusetts average and 31% higher than the U.S. average.

Did you know?

  • The cost of living in Everett is 5% higher than the Massachusetts average.
  • The cost of living in Everett is 39% higher than the national average.
  • The cost of housing in Everett is 64% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 132% higher than the national average.

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Compare Everett, MA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Everett, MA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Everett, MA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Everett, MA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,316$5,776$1,617$2,080
Renters$39,787$3,316$928$1,194
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Everett, MA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Everett, MA homeowners have a median income of $69,316. Using that number, you will come up with a maximum of $1,617 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $39,787, which means there is a maximum of $928 to be spent on the costs of renting a home or apartment.

Massachusetts Sales Tax

StateGeneral Sales TaxWith Max Surtax
Massachusetts6.25%6.25%

Massachusetts Income Tax

StateIncome Tax (Low)Income Tax (High)
Massachusetts5.15%5.15%
For those who live in Everett, MA and want to know what the true cost of living is, they ought to look at both the Massachusetts income tax rate and the Massachusetts sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Massachusetts, the sales tax is 6.25%, while the most you'll pay in surtax is 6.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Massachusetts, the income tax rate ranges between 5.15% to 5.15%.

Goods & Services

ItemEverettNational avg.Difference
Haircut $20.93$15.5634.5%
Beauty Salon $50.40$36.1139.6%
Toothpaste $2.46$2.470.6%
Shampoo $0.96$0.960.5%
Movie $13.24$10.1330.7%
Bowling $9.15$4.7493.3%

Groceries

ItemEverettNational avg.Difference
Ground Beef $4.07$3.982.1%
Fried Chicken $1.72$1.4122.2%
Milk $1.94$2.066.2%
Potatoes $3.26$2.989.4%
Pizza $11.10$9.4717.1%
Beer $9.62$8.799.4%

Health Care

ItemEverettNational avg.Difference
Optometrist $107.42$101.046.3%
Doctor $188.00$107.4475.0%
Dentist $121.47$90.4234.3%
Ibuprofen $9.19$9.281.0%
Lipitor $439.90$426.503.1%

Housing

ItemEverettNational avg.Difference
Home Price $311,900.00$175,700.0077.5%
Avg. Mortgage Payment $1,986.40$1,133.2375.3%
Apartment Rent $1,210.00$920.0031.5%

Transportation

ItemEverettNational avg.Difference
Gasoline $2.03$1.992.1%
Tire Balancing $62.45$45.7636.5%

Utilities

ItemEverettNational avg.Difference
All Electricity$287.63$163.8175.6%
Phone $38.66$28.3936.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lynn, MA91,28912929%
Chelsea, MA37,08413232%
Salem, MA42,32113636%
Revere, MA53,25813737%
Weymouth Town, MA54,81513838%
Everett, MA42,75813939%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Pierce, FL42,74491-9%
Oakland Park, FL42,795100-0%
Bell Gardens, CA42,71212323%
Danville, VA42,70478-22%
Fairfield, OH42,64393-7%
Everett, MA42,75813939%
Source: The Everett, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.