Forestdale 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.
IndexForestdaleMassachusettsNational
Cost of living index132132100
IndexForestdaleMassachusettsNational
Goods & Services index118117100
Groceries index107108100
Health care index107121100
Housing index169167100
Transportation index101109100
Utilities index139129100
Displayed above is a general overview of the Forestdale, MA cost of living index. The overall cost of living index in Forestdale, MA is 132, which is equal to the Massachusetts average and 32% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Forestdale, MA are 1% higher than the Massachusetts average and 18% higher than the national average.

Did you know?

  • The cost of living in Forestdale is equal to the Massachusetts average.
  • The cost of living in Forestdale is 32% higher than the national average.
  • The cost of housing in Forestdale is 69% 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 Forestdale, MA Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Forestdale, MA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Forestdale, MA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Forestdale, MA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$91,283$7,607$2,130$2,739
Renters$92,333$7,694$2,154$2,770
One can approximate the cost of living and the housing affordability in Forestdale, MA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Forestdale, MA have a median income of $91,283. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,130 per month to avoid calamity and poverty. The renters in the city have an income of about $92,333, which would make their monthly maximum allowable rental costs $2,154.

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%
When you are determining the total cost of living in Forestdale, MA you will want to make sure you consider both the Massachusetts sales tax and the Massachusetts income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Massachusetts is 6.25%, with the highest surtax being 6.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Massachusetts have a range from 5.15% to 5.15%.

Goods & Services

ItemForestdaleNational avg.Difference
Haircut $16.67$15.567.1%
Beauty Salon $48.75$36.1135.0%
Toothpaste $3.97$2.4760.6%
Shampoo $0.99$0.962.6%
Movie $11.17$10.1310.3%
Bowling $4.77$4.740.7%

Groceries

ItemForestdaleNational avg.Difference
Ground Beef $4.56$3.9814.4%
Fried Chicken $1.49$1.415.9%
Milk $2.56$2.0623.9%
Potatoes $3.99$2.9833.8%
Pizza $8.83$9.476.8%
Beer $9.44$8.797.3%

Health Care

ItemForestdaleNational avg.Difference
Optometrist $123.75$101.0422.5%
Doctor $142.56$107.4432.7%
Dentist $88.44$90.422.2%
Ibuprofen $8.99$9.283.1%
Lipitor $391.73$426.508.2%

Housing

ItemForestdaleNational avg.Difference
Home Price $302,800.00$175,700.0072.3%
Avg. Mortgage Payment $1,459.71$1,133.2328.8%
Apartment Rent $1,490.00$920.0062.0%

Transportation

ItemForestdaleNational avg.Difference
Gasoline $1.97$1.991.0%
Tire Balancing $49.00$45.767.1%

Utilities

ItemForestdaleNational avg.Difference
All Electricity$243.22$163.8148.5%
Phone $36.19$28.3927.5%
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.
Popponesset Island, MA2411616%
Seconsett Island, MA2311616%
West Wareham, MA3,07011111%
Weweantic, MA1,66211616%
White Island Shores, MA1,91712121%
Forestdale, MA4,38113232%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Benton, KY4,38084-16%
Citrus Park, AZ4,37911818%
Highland CDP, IN4,379100-0%
Viroqua, WI4,37888-12%
French Island, WI4,38495-5%
Forestdale, MA4,38113232%
Source: The Forestdale, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.