Marblehead 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.
IndexMarbleheadMassachusettsNational
Cost of living index167132100
IndexMarbleheadMassachusettsNational
Goods & Services index131117100
Groceries index106108100
Health care index133121100
Housing index260167100
Transportation index113109100
Utilities index158129100
The above illustration supplies generalized information for the Marblehead, MA cost of living index. Compared to other cities in Massachusetts and cities across the country, the cost of living index in Marblehead, MA is 167, which is 27% higher than the Massachusetts average and 67% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Marblehead, MA are 12% higher than the average for Massachusetts and 31% higher than the rest of the country.

Did you know?

  • The cost of living in Marblehead is 27% higher than the Massachusetts average.
  • The cost of living in Marblehead is 67% higher than the national average.
  • The cost of housing in Marblehead is 160% 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.

Find Real Estate Listings In Marblehead

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Marblehead

Compare Marblehead, MA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Marblehead, MA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Marblehead, MA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Marblehead, MA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$114,170$9,514$2,664$3,425
Renters$56,739$4,728$1,324$1,702
If you want to find a good determining factor for the cost of living and the general affordability of housing in Marblehead, MA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Marblehead, MA, the median monthly income is $114,170 for those who own their own homes. Under the standard rule, that income level would allow for $2,664 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $56,739, per the median income in the area. That would allow for renters to spend up to $1,324 on monthly rental expenses.

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 Marblehead, 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

ItemMarbleheadNational 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

ItemMarbleheadNational 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

ItemMarbleheadNational 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

ItemMarbleheadNational avg.Difference
Home Price $552,700.00$175,700.00214.6%
Avg. Mortgage Payment $1,986.40$1,133.2375.3%
Apartment Rent $1,217.00$920.0032.3%

Transportation

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

Utilities

ItemMarbleheadNational 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%
Everett, MA42,75813939%
Marblehead, MA20,16316767%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Miamisburg, OH20,16897-3%
Monsey, NY20,17115454%
Murrysville, PA20,1711000%
Rocky River, OH20,1451044%
Lutz, FL20,1841033%
Marblehead, MA20,16316767%
Source: The Marblehead, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.