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Hopkinton, MA Cost of Living

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44%
Overall NAT. AVG.
26%
Goods & Services NAT. AVG.
98%
Housing NAT. AVG.
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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 Hopkinton Massachusetts National
Cost of living144130100
Goods & Services126117100
Groceries118119100
Health care117118100
Housing198165100
Transportation109111100
Utilities126111100

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Key findings

  • The cost of living in Hopkinton is 11% higher than the Massachusetts average
  • The cost of living in Hopkinton is 44% higher than the national average
  • Hopkinton housing is 98% 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

Most Affordable Places to Live in and Around Hopkinton

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Compare Hopkinton, MA Cost of Living

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      The best places in Massachusetts

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$125,615$10,468$2,931$3,769
      Renters$64,632$5,386$1,508$1,939

      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 Hopkinton National avg. Difference
      Haircut $42.05$20.27107.4%
      Beauty Salon $64.22$40.3959.0%
      Toothpaste $2.33$2.361.4%
      Shampoo $1.12$1.083.7%
      Movie $14.64$10.9933.2%
      Bowling $20.13$15.4930.0%

      Groceries

      Item Hopkinton National avg. Difference
      Ground Beef $4.32$4.300.6%
      Fried Chicken $1.92$1.4037.0%
      Milk $3.07$2.2039.4%
      Potatoes $3.91$3.2221.4%
      Pizza $11.76$10.749.5%
      Beer $10.14$9.605.6%

      Health Care

      Item Hopkinton National avg. Difference
      Optometrist $102.75$109.736.4%
      Doctor $194.00$118.3463.9%
      Dentist $108.00$100.947.0%
      Ibuprofen $9.96$9.930.3%
      Lipitor $464.43$469.531.1%

      Housing

      Item Hopkinton National avg. Difference
      Home Price $398,600.00$184,700.00115.8%
      Avg. Mortgage Payment $2,534.71$1,229.62106.1%
      Apartment Rent $1,473.00$949.0055.2%

      Transportation

      Item Hopkinton National avg. Difference
      Gasoline $2.70$2.710.2%
      Tire Balancing $64.81$51.8625.0%

      Utilities

      Item Hopkinton National avg. Difference
      All Electricity $252.06$170.8447.5%
      Phone $184.49$187.181.4%
      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.
      Worcester, MA183,67711413.6%
      Clinton, MA7,23212121.2%
      East Douglas, MA2,42011818.3%
      Whitinsville, MA6,83111919.4%
      South Lancaster, MA1,76412424.2%
      Hopkinton, MA2,79414444.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Alexander, AR2,7948712.6%
      DeCordova, TX2,7941021.6%
      England, AR2,7938713.3%
      Knoxville, IL2,7938218.4%
      St. Marys, KS2,7938218.0%
      Hopkinton, MA2,79414444.3%
      Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
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