| Index | Randolph | Massachusetts | National |
| Cost of living | 123 | 131 | 100 |
| Groceries | 110 | 109 | 100 |
| Health care | 113 | 116 | 100 |
| Housing | 147 | 169 | 100 |
| Transportation | 116 | 115 | 100 |
| Utilities | 118 | 117 | 100 |
| Lifestyle & Entertainment | 111 | 115 | 100 |
| Household Items | 107 | 109 | 100 |
| Education & Childcare | 120 | 127 | 100 |
The cost of living in Randolph 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 Randolph is 123, which is 23% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Randolph is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Randolph falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs make up a big chunk of the cost of living in Randolph, 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 47.3% 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 5 locals to get their views on the cost of living in Randolph. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 20% found it budget-friendly with decreasing prices, while 80% said it's simply not affordable as prices have continued to rise.
Is Randolph an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Randolph, the median home price is 53.2% higher than what most folks pay across the country, and monthly rent prices are 33.7% higher than the usual rates. Income levels in Randolph come in at $96,050, which is 18.1% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
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 Randolph, the housing index stands at 47.3% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Randolph, the utilities index registers at 17.5% higher than the national average.
The Randolph cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $129,176 | $10,765 | $3,014 | $3,876 |
| Renters | $46,677 | $3,890 | $1,089 | $1,400 |
| 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% |
| Bridgewater, MA | 8,837 | 125 | 25.3% |
| Brockton, MA | 98,714 | 126 | 25.9% |
| Holbrook, MA | 11,361 | 128 | 28.4% |
| Norton Center, MA | 2,839 | 131 | 31.4% |
| Randolph, MA | 34,560 | 123 | 23.3% |
| City | Population | Cost of Living Index | National Avg. |
| Alabaster, AL | 34,559 | 98 | 1.9% |
| Franklin Town, MA | 34,557 | 144 | 43.9% |
| Kearney, NE | 34,543 | 98 | 2.3% |
| DeLand, FL | 34,541 | 107 | 7.1% |
| Dalton, GA | 34,537 | 94 | 6.1% |
| Randolph, MA | 34,560 | 123 | 23.3% |
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