Medfield 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.
IndexMedfieldMassachusettsNational
Cost of living index157131100
IndexMedfieldMassachusettsNational
Goods & Services index129122100
Groceries index111109100
Health care index120121100
Housing index241165100
Transportation index114107100
Utilities index120114100
Here we can see a simple outline of the cost of living in Medfield, MA. As you can see, with the average cost of living in Medfield, MA being 157, that puts it 20% higher than the average of Massachusetts and 57% 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 Medfield, MA, the price of goods and services are 6% higher than the average of Massachusetts as well as 29% higher than the nation's average.
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Did you know?

  • The cost of living in Medfield is 20% higher than the Massachusetts average.
  • The cost of living in Medfield is 57% higher than the national average.
  • The cost of housing in Medfield is 141% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 129% higher than the national average.

Compare Medfield, MA Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Use the salary calculator to compare your current income in Medfield, MA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Medfield, MA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Medfield, MA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$137,941$11,495$3,218$4,139
      Renters$29,783$2,482$695$894
      The affordability of the housing market in Medfield, MA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Medfield, MA homeowners, the median income is $137,941. This indicates that a monthly maximum of $3,218 should be spent by homeowners on all housing related costs. Renters have a median income of $29,783. This indicates that renters should have a maximum of $695 used for their rent related monthly costs.

      Massachusetts Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Massachusetts6.25%6.25%

      Massachusetts Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Massachusetts5.1%5.1%
      When considering the overall cost of living expenses in Medfield, MA, it's important to take into account the sales tax for Massachusetts, as well as the rate for income tax in Massachusetts. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Massachusetts is 6.25%, and the sales tax in the state of Massachusetts is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Massachusetts starts from 5.1% and goes up to 5.1%.

      Goods & Services

      ItemMedfieldNational avg.Difference
      Haircut $16.68$17.494.6%
      Beauty Salon $50.37$38.1732.0%
      Toothpaste $2.75$2.3218.6%
      Shampoo $1.02$1.010.4%
      Movie $12.55$10.7217.0%
      Bowling $5.61$13.8659.5%

      Groceries

      ItemMedfieldNational avg.Difference
      Ground Beef $3.34$3.9014.4%
      Fried Chicken $1.71$1.4022.3%
      Milk $2.49$1.9627.1%
      Potatoes $3.30$3.183.7%
      Pizza $11.30$10.398.8%
      Beer $9.60$9.234.1%

      Health Care

      ItemMedfieldNational avg.Difference
      Optometrist $136.98$106.3428.8%
      Doctor $151.91$115.2531.8%
      Dentist $110.63$98.3812.4%
      Ibuprofen $9.27$9.260.1%
      Lipitor $409.74$466.4712.2%

      Housing

      ItemMedfieldNational avg.Difference
      Home Price $538,800.00$184,700.00191.7%
      Avg. Mortgage Payment $2,350.45$1,273.3284.6%
      Apartment Rent $1,150.00$949.0021.2%

      Transportation

      ItemMedfieldNational avg.Difference
      Gasoline $2.42$2.596.5%
      Tire Balancing $59.24$48.9021.2%

      Utilities

      ItemMedfieldNational avg.Difference
      All Electricity$217.29$167.6029.6%
      Phone $31.08$163.4281.0%
      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.
      Woonsocket, RI41,2721055%
      Brockton, MA94,81312020%
      Cumberland Hill, RI8,01411616%
      Milford, MA25,70112626%
      Bellingham, MA5,37612727%
      Medfield, MA6,57515757%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Viola, NY6,57515252%
      Kingsland, TX6,57684-16%
      Tuttle, OK6,57693-7%
      Lakeview, NY6,57715858%
      South Hill, NY6,5771033%
      Medfield, MA6,57515757%
      Source: The Medfield, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.