A general overview of the cost of living index for Spencer, MA is displayed above. In Spencer, MA, the overall cost of living index is 110, which is 16% lower than the Massachusetts average and 10% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Spencer, MA, the city's goods and services are equal to the Massachusetts average and 20% higher than the U.S. average.