Waltham 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.
IndexWalthamMassachusettsNational
Cost of living index151130100
IndexWalthamMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index208167100
Transportation index116117100
Utilities index156126100
Displayed above is a general overview of the Waltham, MA cost of living index. The overall cost of living index in Waltham, MA is 151, which is 16% higher than the Massachusetts average and 51% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Waltham, MA are 15% higher than the Massachusetts average and 27% higher than the national average.

Did you know?

  • The cost of living in Waltham is 16% higher than the Massachusetts average.
  • The cost of living in Waltham is 51% higher than the national average.
  • The cost of housing in Waltham is 108% 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 Waltham, MA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Waltham, 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 Waltham, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Waltham, 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$95,304$7,942$2,224$2,859
Renters$53,347$4,446$1,245$1,601
If you want to find a good determining factor for the cost of living and the general affordability of housing in Waltham, 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 Waltham, MA, the median monthly income is $95,304 for those who own their own homes. Under the standard rule, that income level would allow for $2,224 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $53,347, per the median income in the area. That would allow for renters to spend up to $1,245 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%
The Massachusetts sales tax and Massachusetts income tax rates should definitely be considered when determining the overall cost of living in Waltham, 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

ItemWalthamNational 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

ItemWalthamNational 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

ItemWalthamNational 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

ItemWalthamNational avg.Difference
Home Price $411,400.00$175,700.00134.1%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,358.00$920.0047.6%

Transportation

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

Utilities

ItemWalthamNational 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.
Lynn, MA91,28912828%
Chelsea, MA37,08413131%
Randolph, MA33,13513232%
Revere, MA53,25813636%
Littleton Common, MA2,84513737%
Waltham, MA61,90815151%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Daytona Beach, FL61,91393-7%
Utica, NY61,85290-10%
Coon Rapids, MN61,8091033%
Bethesda, MD62,02418686%
Santa Cruz, CA62,04517575%
Waltham, MA61,90815151%
Source: The Waltham, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.