Northborough 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.
IndexNorthboroughMassachusettsNational
Cost of living index140130100
IndexNorthboroughMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index174167100
Transportation index116117100
Utilities index156126100
Here we can see a simple outline of the cost of living in Northborough, MA. As you can see, with the average cost of living in Northborough, MA being 140, that puts it 8% higher than the average of Massachusetts and 40% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Northborough, MA, the price of goods and services are 15% higher than the average of Massachusetts as well as 27% higher than the nation's average.

Did you know?

  • The cost of living in Northborough is 8% higher than the Massachusetts average.
  • The cost of living in Northborough is 40% higher than the national average.
  • The cost of housing in Northborough is 74% 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 Northborough, 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 Northborough, 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 Northborough, MA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Northborough, 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$109,261$9,105$2,549$3,278
Renters$63,611$5,301$1,484$1,909
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Northborough, 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 Northborough, MA homeowners have a median income of $109,261. Using that number, you will come up with a maximum of $2,549 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $63,611, which means there is a maximum of $1,484 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%
The Massachusetts sales tax and Massachusetts income tax rates should definitely be considered when determining the overall cost of living in Northborough, MA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Massachusetts sales tax is 6.25% and the maximum surtax is 6.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Massachusetts income tax rates range from 5.15% to 5.15%.

Goods & Services

ItemNorthboroughNational 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

ItemNorthboroughNational 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

ItemNorthboroughNational 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

ItemNorthboroughNational avg.Difference
Home Price $339,900.00$175,700.0093.5%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,192.00$920.0029.6%

Transportation

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

Utilities

ItemNorthboroughNational 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.
Oxford, MA6,52511717%
Worcester, MA182,51111818%
Leominster, MA40,95411717%
Clinton, MA7,48812626%
Whitinsville, MA6,47812222%
Northborough, MA6,61314040%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hapeville, GA6,61195-5%
Bridgeport, MI6,61582-18%
Folcroft, PA6,6151077%
Madison Park, NJ6,61612121%
Barnesville, GA6,61790-10%
Northborough, MA6,61314040%
Source: The Northborough, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.