| Index | Taunton | Massachusetts | National |
| Cost of living | 124 | 131 | 100 |
| Groceries | 109 | 109 | 100 |
| Health care | 118 | 116 | 100 |
| Housing | 145 | 169 | 100 |
| Transportation | 115 | 115 | 100 |
| Utilities | 117 | 117 | 100 |
| Lifestyle & Entertainment | 111 | 115 | 100 |
| Household Items | 108 | 109 | 100 |
| Education & Childcare | 131 | 127 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Taunton? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Taunton stands at 124, making it 24% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
If you prioritize affordability when seeking a new place to live, Taunton 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, Taunton falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs are a very significant part of the Taunton cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 44.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Taunton 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 Taunton, the median home price is 61% higher than the national average and monthly rent prices are 6.9% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Taunton boasting a median household income of $95,758, 17.7% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Taunton, the groceries index is 8.7% higher than the national average.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Taunton, the transportation index is 15.4% higher than the national average.
The Taunton 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.
| Cost of living index | |
| 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 | $133,876 | $11,156 | $3,124 | $4,017 |
| Renters | $51,583 | $4,299 | $1,204 | $1,548 |
| 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. |
| Pawtucket, RI | 74,311 | 108 | 7.7% |
| East Providence, RI | 48,849 | 108 | 8.4% |
| Fall River, MA | 91,437 | 119 | 19.1% |
| Ocean Grove, MA | 2,530 | 120 | 20.1% |
| Bridgewater, MA | 8,837 | 125 | 25.3% |
| Taunton, MA | 59,451 | 124 | 23.8% |
| City | Population | Cost of Living Index | National Avg. |
| Bradenton, FL | 59,421 | 105 | 5.4% |
| Weymouth Town, MA | 59,403 | 139 | 38.8% |
| Huntersville, NC | 59,572 | 118 | 18.0% |
| Huntington Park, CA | 59,591 | 143 | 43.0% |
| Casa Grande, AZ | 59,608 | 100 | 0.5% |
| Taunton, MA | 59,451 | 124 | 23.8% |
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