Cost of Living in Spencer, MA

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C-
17%
Overall NAT. AVG.
11%
Groceries NAT. AVG.
17%
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 Spencer Massachusetts National
Cost of living117131100
Groceries111109100
Health care119116100
Housing117169100
Transportation121115100
Utilities117117100
Lifestyle & Entertainment113115100
Household Items110109100
Education & Childcare133127100
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Homes For Sale In Spencer, MA

property for sale

83 Ash St

Spencer, MA
property for sale

40 Irving St

Spencer, MA
property for sale

10 Highland St

Spencer, MA
property for sale

80 Maple St

Spencer, MA

Cost Of Living Quick Facts

  • The cost of living in Spencer is 11% lower than the Massachusetts average
  • The cost of living in Spencer is 17% higher than the national average
  • Spencer housing is 17% 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

Most Affordable Places to Live in and Around Spencer

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Compare Spencer, MA Cost of Living

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      Salary Calculator

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      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$104,052$8,671$2,428$3,122
      Renters$41,871$3,489$977$1,256
      A good way to judge both the affordability of the housing and the cost of living in Spencer is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Spencer has a median income of about $104,052 for people who own homes. Based on that number, a maximum of $2,428 should be spent on expenses related to housing. Renters have a slightly different median income, which is $41,871. Based on this average, renters should spend no more than $977 on all rental costs if they want to maintain a non-impoverished standard of living.

      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.
      Warren, MA5631022.2%
      Ware, MA6,14711010.3%
      North Brookfield, MA2,51811313.4%
      Webster, MA11,96111615.6%
      Southbridge Town, MA17,25711615.9%
      Spencer, MA6,00711716.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Roseland, CA6,00813130.7%
      Cumberland, IN6,008954.7%
      Little Silver, NJ6,00519392.7%
      Clearfield, PA6,0058514.8%
      Moosic, PA6,005981.6%
      Spencer, MA6,00711716.9%
      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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