Holbrook, Massachusetts Cost Of Living

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F

Overall 27%

Goods & Services 26%

Housing 40%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Holbrook	Massachusetts	National
Cost of living	127	130	100
Goods & Services	126	117	100
Groceries	118	119	100
Health care	117	118	100
Housing	140	165	100
Transportation	109	111	100
Utilities	126	111	100

Key findings

The cost of living in Holbrook is 3% lower than the Massachusetts average
The cost of living in Holbrook is 27% higher than the national average
Holbrook housing is 40% higher than the national average
Massachusetts general sales tax is 23% higher than the national average
Massachusetts state income tax is 103% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$79,746	$6,646	$1,861	$2,393
Renters	$37,805	$3,150	$882	$1,134

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Holbrook, MA, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Holbrook, homeowners have a median income of $79,746. Using that number, a maximum of $1,861 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $37,805, which means there is a maximum of $882 to be spent on the costs of renting a home or apartment.

Massachusetts Sales Tax

State	General Sales Tax	With Max Surtax
Massachusetts	6.25%	6.25%

Massachusetts Income Tax

State	Income Tax (Low)	Income Tax (High)
Massachusetts	5%	5%

Goods & Services

Item	Holbrook	National avg.	Difference
Haircut	$42.05	$20.27	107.4%
Beauty Salon	$64.22	$40.39	59.0%
Toothpaste	$2.33	$2.36	1.4%
Shampoo	$1.12	$1.08	3.7%
Movie	$14.64	$10.99	33.2%
Bowling	$20.13	$15.49	30.0%

Groceries

Item	Holbrook	National avg.	Difference
Ground Beef	$4.32	$4.30	0.6%
Fried Chicken	$1.92	$1.40	37.0%
Milk	$3.07	$2.20	39.4%
Potatoes	$3.91	$3.22	21.4%
Pizza	$11.76	$10.74	9.5%
Beer	$10.14	$9.60	5.6%

Health Care

Item	Holbrook	National avg.	Difference
Optometrist	$102.75	$109.73	6.4%
Doctor	$194.00	$118.34	63.9%
Dentist	$108.00	$100.94	7.0%
Ibuprofen	$9.96	$9.93	0.3%
Lipitor	$464.43	$469.53	1.1%

Housing

Item	Holbrook	National avg.	Difference
Home Price	$281,700.00	$184,700.00	52.5%
Avg. Mortgage Payment	$2,534.71	$1,229.62	106.1%
Apartment Rent	$1,055.00	$949.00	11.2%

Transportation

Item	Holbrook	National avg.	Difference
Gasoline	$2.70	$2.71	0.2%
Tire Balancing	$64.81	$51.86	25.0%

Utilities

Item	Holbrook	National avg.	Difference
All Electricity	$252.06	$170.84	47.5%
Phone	$184.49	$187.18	1.4%

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	Population	Cost of Living Index	National Avg.
Southfield, MA	0	121	21.4%
Brockton, MA	94,813	120	20.5%
Randolph, MA	33,526	128	27.9%
Bridgewater, MA	8,544	125	25.2%
Norton Center, MA	2,732	126	25.7%
Holbrook, MA	11,008	127	27.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Town and Country, MO	11,001	156	55.5%
Saltspring Island, BC	11,001	n/a
Chino Valley, AZ	11,015	101	1.5%
Cordele, GA	11,015	83	16.7%
Woodbury, NY	11,015	135	34.8%
Holbrook, MA	11,008	127	27.0%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.