Cost of Living in Nantucket, MA

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F
116%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
359%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Nantucket Massachusetts National
Cost of living216131100
Groceries105109100
Health care113116100
Housing459169100
Transportation115115100
Utilities115117100
Lifestyle & Entertainment116115100
Household Items106109100
Education & Childcare119127100
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Homes For Sale In Nantucket, MA

property for sale

21 Mill St

Nantucket, MA
property for sale

18 Honeysuckle Dr

Nantucket, MA
property for sale

5 Goldenrod Ct

Nantucket, MA
property for sale

11 Meadow Ln Unit B

Nantucket, MA

Cost Of Living Quick Facts

  • The cost of living in Nantucket is 65% higher than the Massachusetts average
  • The cost of living in Nantucket is 116% higher than the national average
  • Nantucket housing is 359% higher than the national average
  • Massachusetts general sales tax is 22% higher than the national average
  • Massachusetts state income tax is 93% higher than the national average

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$186,313$15,526$4,347$5,590
      Renters$100,207$8,351$2,338$3,007
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Nantucket, MA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Nantucket homeowners, is $186,313. This would allow for a maximum of $4,347 per month to be spent on housing costs. For renters, the median monthly income is $100,207 which would result in a maximum of $2,338 to be spent on rental costs.

      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% 9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Madaket, MA297328227.8%
      Siasconset, MA91413312.7%
      Nantucket, MA8,845216116.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Closter, NJ8,84617877.6%
      Woodbury CDP, NY8,84719998.5%
      Bayport, NY8,84914646.1%
      Wyoming, OH8,85211515.5%
      Bridgewater, MA8,83712525.3%
      Nantucket, MA8,845216116.2%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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