| Index | Methuen Town | Massachusetts | National |
| Cost of living | 131 | 131 | 100 |
| Groceries | 109 | 109 | 100 |
| Health care | 116 | 116 | 100 |
| Housing | 172 | 169 | 100 |
| Transportation | 113 | 115 | 100 |
| Utilities | 115 | 117 | 100 |
| Lifestyle & Entertainment | 113 | 115 | 100 |
| Household Items | 111 | 109 | 100 |
| Education & Childcare | 121 | 127 | 100 |
The cost of living in Methuen Town affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Methuen Town is 131, which is 31% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
If you value affordability in your search for a new place to live, Methuen Town 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, Methuen Town 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 Methuen Town, 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 71.8% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The routine items you regularly buy for your home, such as cleaning supplies, personal care products, clothing basics, and kitchen essentials, make up 8% of the cost of living index. In Methuen Town, these items cost 11% more than the national average, making day-to-day living a bit more expensive.
Wondering if Methuen Town is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Methuen Town, for example, the median home price is 88.5% higher than what folks pay nationally, and monthly rent is 32.8% higher than the usual rates. Plus, income levels matter too, with Methuen Town boasting a median household income of $122,464, which is 50.6% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Methuen Town, the housing index stands at 71.8% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Methuen Town, the groceries index is 8.7% higher than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living data for Methuen Town shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $156,384 | $13,032 | $3,649 | $4,692 |
| Renters | $50,505 | $4,209 | $1,178 | $1,515 |
| 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. |
| Hudson, NH | 7,386 | 111 | 11.2% |
| Derry, NH | 23,398 | 112 | 12.3% |
| Lawrence, MA | 82,025 | 125 | 25.4% |
| Lowell, MA | 114,170 | 126 | 25.9% |
| Haverhill, MA | 65,500 | 128 | 28.3% |
| Methuen Town, MA | 51,590 | 131 | 30.9% |
| City | Population | Cost of Living Index | National Avg. |
| Kannapolis, NC | 51,586 | 97 | 2.6% |
| Irondequoit, NY | 51,610 | 103 | 3.0% |
| Levittown, PA | 51,634 | 107 | 6.7% |
| Rowland Heights, CA | 51,652 | 172 | 72.0% |
| Coral Gables, FL | 51,686 | 192 | 91.6% |
| Methuen Town, MA | 51,590 | 131 | 30.9% |
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