Methuen Town 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.
IndexMethuen TownMassachusettsNational
Cost of living index124130100
IndexMethuen TownMassachusettsNational
Goods & Services index117111100
Groceries index103113100
Health care index116111100
Housing index145167100
Transportation index106117100
Utilities index137126100
A general summary of the cost of living index in Methuen Town, MA is shown above. Compared to the state average of Massachusetts the cost of living index in Methuen Town, MA is 124, which is 4% lower than the average in Massachusetts and compared to the national average it is 24% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Methuen Town, MA goods and services come in at 6% higher than the average in Massachusetts and are 17% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Methuen Town is 4% lower than the Massachusetts average.
  • The cost of living in Methuen Town is 24% higher than the national average.
  • The cost of housing in Methuen Town is 45% 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 Methuen Town, MA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Methuen Town, MA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Methuen Town, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Methuen Town, MA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$88,542$7,379$2,066$2,657
Renters$33,763$2,814$788$1,013
If you want to find a good determining factor for the cost of living and the general affordability of housing in Methuen Town, 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 Methuen Town, MA, the median monthly income is $88,542 for those who own their own homes. Under the standard rule, that income level would allow for $2,066 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $33,763, per the median income in the area. That would allow for renters to spend up to $788 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 considering the overall cost of living expenses in Methuen Town, MA, it's important to take into account the sales tax for Massachusetts, as well as the rate for income tax in Massachusetts. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Massachusetts is 6.25%, and the sales tax in the state of Massachusetts is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Massachusetts starts from 5.15% and goes up to 5.15%.

Goods & Services

ItemMethuen TownNational avg.Difference
Haircut $16.88$14.5915.7%
Beauty Salon $41.47$34.6819.6%
Toothpaste $2.32$2.476.2%
Shampoo $1.00$1.022.2%
Movie $10.20$9.873.4%
Bowling $4.62$4.395.2%

Groceries

ItemMethuen TownNational avg.Difference
Ground Beef $3.76$4.4816.0%
Fried Chicken $1.56$1.466.6%
Milk $2.21$2.366.2%
Potatoes $2.98$3.062.7%
Pizza $8.68$9.246.1%
Beer $9.07$8.635.1%

Health Care

ItemMethuen TownNational avg.Difference
Optometrist $100.39$99.780.6%
Doctor $149.18$105.0342.0%
Dentist $104.81$88.7018.2%
Ibuprofen $9.68$9.412.8%
Lipitor $277.44$298.507.1%

Housing

ItemMethuen TownNational avg.Difference
Home Price $279,100.00$175,700.0058.9%
Avg. Mortgage Payment $1,260.97$1,081.0316.6%
Apartment Rent $1,026.00$920.0011.5%

Transportation

ItemMethuen TownNational avg.Difference
Gasoline $2.28$2.099.0%
Tire Balancing $44.74$45.291.2%

Utilities

ItemMethuen TownNational avg.Difference
All Electricity$243.35$170.8042.5%
Phone $36.25$28.2628.3%
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.
Derry, NH22,12911616%
Lawrence, MA77,36412323%
Lowell, MA108,49112525%
Hudson, NH7,72511818%
Haverhill, MA61,76912222%
Methuen Town, MA48,15912424%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mishawaka, IN48,12082-18%
Caldwell, ID48,11485-15%
Bedford, TX48,1041011%
McLean, VA48,078200100%
Middletown, OH48,25690-10%
Methuen Town, MA48,15912424%
Source: The Methuen Town, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.