Rockport 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.
IndexRockportMassachusettsNational
Cost of living index156132100
IndexRockportMassachusettsNational
Goods & Services index131117100
Groceries index106108100
Health care index133121100
Housing index223167100
Transportation index113109100
Utilities index158129100
An overview of the general cost of living index for Rockport, MA is displayed above for your reference. Residents in Rockport, MA enjoy a cost of living index of 156. This index is 19% higher than the Massachusetts average, and 56% 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 Rockport, MA, the average cost of goods and services is 12% higher than it is in Massachusetts, and it is 31% higher than the national average.

Did you know?

  • The cost of living in Rockport is 19% higher than the Massachusetts average.
  • The cost of living in Rockport is 56% higher than the national average.
  • The cost of housing in Rockport is 123% 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 Rockport, MA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Rockport, 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 Rockport, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Rockport, 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$92,750$7,729$2,164$2,783
Renters$38,438$3,203$897$1,153
The affordability of the housing market in Rockport, MA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Rockport, MA homeowners, the median income is $92,750. This indicates that a monthly maximum of $2,164 should be spent by homeowners on all housing related costs. Renters have a median income of $38,438. This indicates that renters should have a maximum of $897 used for their rent related monthly 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 Rockport, 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

ItemRockportNational 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

ItemRockportNational 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

ItemRockportNational 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

ItemRockportNational avg.Difference
Home Price $479,600.00$175,700.00173.0%
Avg. Mortgage Payment $1,986.40$1,133.2375.3%
Apartment Rent $964.00$920.004.8%

Transportation

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

Utilities

ItemRockportNational 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.
Salem, MA42,32113636%
Salisbury, MA4,75713333%
Ipswich, MA4,00314141%
Gloucester, MA29,23714242%
Rowley, MA1,44414343%
Rockport, MA4,83215656%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marseilles, IL4,83287-13%
Winona, MS4,83277-23%
Basehor, KS4,8311011%
Hollywood, SC4,83111212%
Running Springs, CA4,83311616%
Rockport, MA4,83215656%
Source: The Rockport, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.