Maynard 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.
IndexMaynardMassachusettsNational
Cost of living index138130100
IndexMaynardMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index164167100
Transportation index116117100
Utilities index156126100
A general overview of the cost of living index for Maynard, MA is displayed above. In Maynard, MA, the overall cost of living index is 138, which is 6% higher than the Massachusetts average and 38% 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 Maynard, MA, the city's goods and services are 15% higher than the Massachusetts average and 27% higher than the U.S. average.

Did you know?

  • The cost of living in Maynard is 6% higher than the Massachusetts average.
  • The cost of living in Maynard is 38% higher than the national average.
  • The cost of housing in Maynard 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 Maynard, MA Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Maynard, MA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Maynard, MA, you have to earn a higher income in order to still have the same standard of living. To operate the Maynard, MA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$106,998$8,917$2,496$3,210
Renters$32,188$2,682$751$966
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Maynard, MA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Maynard, MA homeowners, is $106,998. This would allow for a maximum of $2,496 per month to be spent on housing costs. For renters, the median monthly income is $32,188 which would result in a maximum of $751 to be spent on rental costs.

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%
One thing to keep in mind when considering the cost of living in Maynard, MA is the Massachusetts sales tax and Massachusetts income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Massachusetts sales tax rate is 6.25% and the maximum surtax that can be charged is 6.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Massachusetts income tax rates range from 5.15% to 5.15%.

Goods & Services

ItemMaynardNational avg.Difference
Haircut $19.67$14.5934.8%
Beauty Salon $54.00$34.6855.7%
Toothpaste $2.54$2.472.7%
Shampoo $1.00$1.022.2%
Movie $11.69$9.8718.5%
Bowling $5.75$4.3930.9%

Groceries

ItemMaynardNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.67$1.4614.1%
Milk $2.29$2.362.8%
Potatoes $3.29$3.067.5%
Pizza $10.00$9.248.2%
Beer $8.99$8.634.1%

Health Care

ItemMaynardNational avg.Difference
Optometrist $113.50$99.7813.8%
Doctor $151.00$105.0343.8%
Dentist $115.00$88.7029.6%
Ibuprofen $9.74$9.413.5%
Lipitor $310.83$298.504.1%

Housing

ItemMaynardNational avg.Difference
Home Price $325,200.00$175,700.0085.1%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,071.00$920.0016.4%

Transportation

ItemMaynardNational avg.Difference
Gasoline $2.35$2.0912.3%
Tire Balancing $57.29$45.2926.5%

Utilities

ItemMaynardNational avg.Difference
All Electricity$292.18$170.8071.1%
Phone $38.25$28.2635.4%
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.
Shirley, MA1,32111919%
Devens, MA1,74512222%
Lowell, MA108,49112525%
Clinton, MA7,48812626%
Ayer, MA2,93012828%
Maynard, MA10,31413838%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lancaster, NY10,31485-15%
Galion, OH10,31479-21%
Bay St. Louis, MS10,31394-6%
Broomall, PA10,31213030%
West Perrine, FL10,317100-0%
Maynard, MA10,31413838%
Source: The Maynard, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.