Taunton cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexTauntonMassachusettsNational
Cost of living index115131100
IndexTauntonMassachusettsNational
Goods & Services index115122100
Groceries index105109100
Health care index107121100
Housing index119165100
Transportation index110107100
Utilities index124114100
A general summary of the cost of living index in Taunton, MA is shown above. Compared to the state average of Massachusetts the cost of living index in Taunton, MA is 115, which is 12% lower than the average in Massachusetts and compared to the national average it is 15% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Taunton, MA goods and services come in at 6% lower than the average in Massachusetts and are 15% higher than compared to the nationwide average.
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Did you know?

  • The cost of living in Taunton is 12% lower than the Massachusetts average.
  • The cost of living in Taunton is 15% higher than the national average.
  • The cost of housing in Taunton is 19% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 129% higher than the national average.

Compare Taunton, MA Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator allows you to compare how much your current salary in Taunton, MA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Taunton, MA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Taunton, MA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$76,193$6,349$1,778$2,286
      Renters$35,274$2,940$823$1,058
      One can approximate the cost of living and the housing affordability in Taunton, MA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Taunton, MA have a median income of $76,193. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,778 per month to avoid calamity and poverty. The renters in the city have an income of about $35,274, which would make their monthly maximum allowable rental costs $823.

      Massachusetts Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Massachusetts6.25%6.25%

      Massachusetts Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Massachusetts5.1%5.1%
      When considering the overall cost of living expenses in Taunton, MA, it's important to take into account the sales tax for Massachusetts, as well as the rate for income tax in Massachusetts. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Massachusetts is 6.25%, and the sales tax in the state of Massachusetts is 6.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Massachusetts starts from 5.1% and goes up to 5.1%.

      Goods & Services

      ItemTauntonNational avg.Difference
      Haircut $20.00$17.4914.4%
      Beauty Salon $56.67$38.1748.5%
      Toothpaste $2.55$2.329.9%
      Shampoo $0.99$1.012.2%
      Movie $12.75$10.7218.9%
      Bowling $18.00$13.8629.9%

      Groceries

      ItemTauntonNational avg.Difference
      Ground Beef $3.77$3.903.3%
      Fried Chicken $1.64$1.4017.5%
      Milk $2.64$1.9634.5%
      Potatoes $3.49$3.189.6%
      Pizza $10.49$10.390.9%
      Beer $10.32$9.2311.8%

      Health Care

      ItemTauntonNational avg.Difference
      Optometrist $131.39$106.3423.6%
      Doctor $157.87$115.2537.0%
      Dentist $92.75$98.385.7%
      Ibuprofen $9.49$9.262.5%
      Lipitor $408.27$466.4712.5%

      Housing

      ItemTauntonNational avg.Difference
      Home Price $236,700.00$184,700.0028.2%
      Avg. Mortgage Payment $1,558.54$1,273.3222.4%
      Apartment Rent $930.00$949.002.0%

      Transportation

      ItemTauntonNational avg.Difference
      Gasoline $2.65$2.592.1%
      Tire Balancing $62.00$48.9026.8%

      Utilities

      ItemTauntonNational avg.Difference
      All Electricity$235.76$167.6040.7%
      Phone $186.18$163.4213.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City, StatePopulationCost of Living IndexNational Avg.
      Pawtucket, RI71,3891077%
      East Providence, RI47,26011111%
      Ocean Grove, MA2,66911212%
      Fall River, MA88,90211212%
      Brockton, MA94,81312020%
      Taunton, MA56,50411515%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Diamond Bar, CA56,45616363%
      New Brunswick, NJ56,42711919%
      Berwyn, IL56,4141044%
      Fountain Valley, CA56,67016666%
      Dearborn Heights, MI56,32990-10%
      Taunton, MA56,50411515%
      Source: The Taunton, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.