Wilmington 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.
IndexWilmingtonMassachusettsNational
Cost of living index148130100
IndexWilmingtonMassachusettsNational
Goods & Services index127111100
Groceries index108113100
Health care index124111100
Housing index200167100
Transportation index116117100
Utilities index156126100
Here we can see a simple outline of the cost of living in Wilmington, MA. As you can see, with the average cost of living in Wilmington, MA being 148, that puts it 14% higher than the average of Massachusetts and 48% 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 Wilmington, 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 Wilmington is 14% higher than the Massachusetts average.
  • The cost of living in Wilmington is 48% higher than the national average.
  • The cost of housing in Wilmington is 100% 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 Wilmington, MA Cost of living To Other Cities

Salary Calculator

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Wilmington, 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 Wilmington, MA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Wilmington, 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$108,968$9,081$2,542$3,269
Renters$59,928$4,994$1,398$1,798
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Wilmington, MA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Wilmington, MA homeowners, is $108,968. This would allow for a maximum of $2,542 per month to be spent on housing costs. For renters, the median monthly income is $59,928 which would result in a maximum of $1,398 to be spent on rental 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%
When assessing the complete cost of living in Wilmington, MA, the Massachusetts income tax and the Massachusetts sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Massachusetts maximum surtax is 6.25%, and the Massachusetts sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.15% to 5.15% in Massachusetts.

Goods & Services

ItemWilmingtonNational 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

ItemWilmingtonNational 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

ItemWilmingtonNational 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

ItemWilmingtonNational avg.Difference
Home Price $374,700.00$175,700.00113.3%
Avg. Mortgage Payment $1,761.00$1,081.0362.9%
Apartment Rent $1,556.00$920.0069.1%

Transportation

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

Utilities

ItemWilmingtonNational 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.
Lawrence, MA77,36412323%
Lowell, MA108,49112525%
Hudson, NH7,72511818%
Lynn, MA91,28912828%
Chelsea, MA37,08413131%
Wilmington, MA22,90714848%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lincolnia, VA22,91714141%
Westchase, FL22,89711414%
New Castle, PA22,88374-26%
Avon Lake, OH22,8811088%
Maple Heights, OH22,88090-10%
Wilmington, MA22,90714848%
Source: The Wilmington, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.