| Index | Quincy | Massachusetts | National |
| Cost of living | 150 | 131 | 100 |
| Groceries | 111 | 109 | 100 |
| Health care | 114 | 116 | 100 |
| Housing | 229 | 169 | 100 |
| Transportation | 114 | 115 | 100 |
| Utilities | 122 | 117 | 100 |
| Lifestyle & Entertainment | 116 | 115 | 100 |
| Household Items | 109 | 109 | 100 |
| Education & Childcare | 128 | 127 | 100 |
Getting a feel for the cost of living in Quincy 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 Quincy is 150, which is 50% 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 prioritize affordability when seeking a new place to live, Quincy may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Quincy falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs make up a big chunk of the cost of living in Quincy, 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 129.2% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.
The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Quincy does not fare better, with grocery expenses coming in at 11.1% higher than the national average.
The most insightful perspective on a city comes from its residents. We recently surveyed 7 locals to gauge their perception of the cost of living in Quincy. The feedback revealed that 0% of respondents found the cost of living to be reasonable, with prices on the decline, while 100% regarded it as notably expensive with prices that continue to rise.
Is Quincy affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Quincy, the median home price is 152.7% higher than the national average and monthly rent prices are 74.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Quincy boasting a median household income of $119,555, 47% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Quincy, the utilities index stands at 22.3% higher than the national average.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Quincy, the baseline sales tax rate begins at 6.25%, and income tax rates start at 5%.
Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Quincy, the transportation index is 13.9% higher than the national average.
The Quincy cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $145,869 | $12,156 | $3,403 | $4,377 |
| Renters | $98,457 | $8,205 | $2,297 | $2,954 |
| 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. |
| Southfield, MA | 0 | 115 | 14.6% |
| Randolph, MA | 34,560 | 123 | 23.3% |
| Brockton, MA | 98,714 | 126 | 25.9% |
| Holbrook, MA | 11,361 | 128 | 28.4% |
| Lynn, MA | 97,235 | 134 | 34.4% |
| Quincy, MA | 96,803 | 150 | 49.7% |
| City | Population | Cost of Living Index | National Avg. |
| Plantation, FL | 96,900 | 129 | 28.6% |
| Lawton, OK | 97,207 | 87 | 13.2% |
| Lynn, MA | 97,235 | 134 | 34.4% |
| South Gate, CA | 97,255 | 144 | 44.3% |
| Sunrise, FL | 97,297 | 112 | 12.2% |
| Quincy, MA | 96,803 | 150 | 49.7% |
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