New Bedford 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.
IndexNew BedfordMassachusettsNational
Cost of living index114132100
IndexNew BedfordMassachusettsNational
Goods & Services index118117100
Groceries index107108100
Health care index107121100
Housing index109167100
Transportation index101109100
Utilities index139129100
An overview of the general cost of living index for New Bedford, MA is displayed above for your reference. Residents in New Bedford, MA enjoy a cost of living index of 114. This index is 13% lower than the Massachusetts average, and 14% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in New Bedford, MA, the average cost of goods and services is 1% higher than it is in Massachusetts, and it is 18% higher than the national average.

Did you know?

  • The cost of living in New Bedford is 13% lower than the Massachusetts average.
  • The cost of living in New Bedford is 14% higher than the national average.
  • The cost of housing in New Bedford is 9% 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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Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
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Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in New Bedford, MA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in New Bedford, MA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the New Bedford, MA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,609$4,717$1,321$1,698
Renters$25,872$2,156$604$776
How much of your monthly income goes to housing can tell you whether or not you can afford housing in New Bedford, MA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In New Bedford, MA homeowners have a median income of $56,609. Using that number, you will come up with a maximum of $1,321 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,872, which means there is a maximum of $604 to be spent on the costs of renting a home or apartment.

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%
For those who live in New Bedford, MA and want to know what the true cost of living is, they ought to look at both the Massachusetts income tax rate and the Massachusetts sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Massachusetts, the sales tax is 6.25%, while the most you'll pay in surtax is 6.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Massachusetts, the income tax rate ranges between 5.15% to 5.15%.

Goods & Services

ItemNew BedfordNational 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

ItemNew BedfordNational 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

ItemNew BedfordNational 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

ItemNew BedfordNational avg.Difference
Home Price $210,200.00$175,700.0019.6%
Avg. Mortgage Payment $1,459.71$1,133.2328.8%
Apartment Rent $769.00$920.0016.4%

Transportation

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

Utilities

ItemNew BedfordNational 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.
West Wareham, MA3,07011111%
Acushnet Center, MA2,78611515%
Fall River, MA88,75611616%
Smith Mills, MA4,74111616%
Weweantic, MA1,66211616%
New Bedford, MA94,87311414%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mission Viejo, CA95,24616464%
Renton, WA95,47913737%
Brockton, MA94,26712626%
South Gate, CA95,51512323%
Greeley, CO95,67799-1%
New Bedford, MA94,87311414%
Source: The New Bedford, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.