Hopkinton 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.
IndexHopkintonMassachusettsNational
Cost of living index140132100
IndexHopkintonMassachusettsNational
Goods & Services index124117100
Groceries index114108100
Health care index124121100
Housing index186167100
Transportation index115109100
Utilities index118129100

Did you know?

  • The cost of living in Hopkinton is 6% higher than the Massachusetts average.
  • The cost of living in Hopkinton is 40% higher than the national average.
  • The cost of housing in Hopkinton is 86% 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 Hopkinton, MA Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$84,911$7,076$1,981$2,548
Renters$62,955$5,246$1,469$1,889

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%

Goods & Services

ItemHopkintonNational avg.Difference
Haircut $16.89$15.568.5%
Beauty Salon $52.43$36.1145.2%
Toothpaste $2.87$2.4715.9%
Shampoo $1.13$0.9617.1%
Movie $11.93$10.1317.8%
Bowling $5.29$4.7411.7%

Groceries

ItemHopkintonNational avg.Difference
Ground Beef $4.24$3.986.5%
Fried Chicken $1.73$1.4123.2%
Milk $2.56$2.0623.9%
Potatoes $3.50$2.9817.3%
Pizza $11.43$9.4720.7%
Beer $9.30$8.795.7%

Health Care

ItemHopkintonNational avg.Difference
Optometrist $135.03$101.0433.6%
Doctor $157.89$107.4447.0%
Dentist $114.38$90.4226.5%
Ibuprofen $9.50$9.282.4%
Lipitor $422.50$426.500.9%

Housing

ItemHopkintonNational avg.Difference
Home Price $363,500.00$175,700.00106.9%
Avg. Mortgage Payment $2,222.50$1,133.2396.1%
Apartment Rent $1,256.00$920.0036.5%

Transportation

ItemHopkintonNational avg.Difference
Gasoline $2.21$1.9910.7%
Tire Balancing $56.87$45.7624.3%

Utilities

ItemHopkintonNational avg.Difference
All Electricity$203.68$163.8124.3%
Phone $31.35$28.3910.4%
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.
Worcester, MA182,51111818%
Clinton, MA7,48811313%
Whitinsville, MA6,47812222%
East Douglas, MA2,91212424%
South Lancaster, MA1,81211717%
Hopkinton, MA2,50914040%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Colquitt, GA2,50979-21%
Richmond, UT2,50993-7%
Neuse Forest, NC2,50811111%
Hennessey, OK2,50882-18%
Anderson, MO2,50880-20%
Hopkinton, MA2,50914040%
Source: The Hopkinton, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.