| Index | Maynard | Massachusetts | National |
| Cost of living | 133 | 131 | 100 |
| Groceries | 109 | 109 | 100 |
| Health care | 115 | 116 | 100 |
| Housing | 177 | 169 | 100 |
| Transportation | 116 | 115 | 100 |
| Utilities | 115 | 117 | 100 |
| Lifestyle & Entertainment | 116 | 115 | 100 |
| Household Items | 107 | 109 | 100 |
| Education & Childcare | 121 | 127 | 100 |
Getting a feel for the cost of living in Maynard is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Maynard is 133, which is 33% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you value affordability in your search for a new place to live, Maynard may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Maynard falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs make up a big chunk of the cost of living in Maynard, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 77.4% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The real experts on a city are its residents. That's why we reached out to 6 locals to get their views on the cost of living in Maynard. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 17% found it budget-friendly with decreasing prices, while 83% said it's simply not affordable as prices have continued to rise.
Is Maynard an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Maynard is 103.8% higher than the national average, while the average monthly rent prices are 15.7% higher than average. The affordability of any location can also be influenced by median income levels. Maynard has a median household income of $163,232, which is 100.7% higher than the national average.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Maynard, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 5%.
Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Maynard, the housing index is 77.4% higher than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Maynard, the utilities index is 14.7% higher than the national average.
The cost of living estimates displayed for Maynard are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $200,885 | $16,740 | $4,687 | $6,027 |
| Renters | $61,667 | $5,139 | $1,439 | $1,850 |
| State | General Sales Tax | With Max Surtax |
| Massachusetts | 6.25% | 6.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Massachusetts | 5% | 9% |
| City | Population | Cost of Living Index | National Avg. |
| Shirley, MA | 1,758 | 116 | 16.3% |
| Clinton, MA | 7,222 | 119 | 19.0% |
| South Lancaster, MA | 1,628 | 119 | 19.1% |
| Ayer, MA | 2,650 | 124 | 23.6% |
| Lowell, MA | 114,170 | 126 | 25.9% |
| Maynard, MA | 11,308 | 133 | 32.8% |
| City | Population | Cost of Living Index | National Avg. |
| Suffern, NY | 11,308 | 127 | 27.1% |
| Mapleton, ON | 11,305 | n/a | |
| New Baltimore, VA | 11,303 | 149 | 48.7% |
| Ocean City, NJ | 11,314 | 156 | 56.3% |
| Ontario, OR | 11,298 | 90 | 9.9% |
| Maynard, MA | 11,308 | 133 | 32.8% |
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