Waltham 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.
IndexWalthamMassachusettsNational
Cost of living index147131100
IndexWalthamMassachusettsNational
Goods & Services index130122100
Groceries index108109100
Health care index118121100
Housing index210165100
Transportation index111107100
Utilities index115114100
Displayed above is a general overview of the Waltham, MA cost of living index. The overall cost of living index in Waltham, MA is 147, which is 12% higher than the Massachusetts average and 47% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Waltham, MA are 7% higher than the Massachusetts average and 30% higher than the national average.
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Did you know?

  • The cost of living in Waltham is 12% higher than the Massachusetts average.
  • The cost of living in Waltham is 47% higher than the national average.
  • The cost of housing in Waltham is 110% higher than the national average.
  • Massachusetts general sales tax is 23% higher than the national average.
  • Massachusetts state income tax is 125% higher than the national average.

Compare Waltham, MA Cost of living To Other Cities

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      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Use the salary calculator to compare your current salary in Waltham, MA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Waltham, MA, then you would need to earn more income in order to maintain the same standard of living. To use the Waltham, MA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$106,724$8,894$2,490$3,202
      Renters$61,200$5,100$1,428$1,836
      If you want to find a good determining factor for the cost of living and the general affordability of housing in Waltham, MA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Waltham, MA, the median monthly income is $106,724 for those who own their own homes. Under the standard rule, that income level would allow for $2,490 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $61,200, per the median income in the area. That would allow for renters to spend up to $1,428 on monthly rental expenses.

      Massachusetts Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Massachusetts6.25%6.25%

      Massachusetts Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Massachusetts5%5%
      The Massachusetts sales tax and Massachusetts income tax rates should definitely be considered when determining the overall cost of living in Waltham, MA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Massachusetts sales tax is 6.25% and the maximum surtax is 6.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Massachusetts income tax rates range from 5% to 5%.

      Goods & Services

      ItemWalthamNational avg.Difference
      Haircut $25.20$17.4944.1%
      Beauty Salon $60.40$38.1758.2%
      Toothpaste $2.19$2.325.6%
      Shampoo $1.12$1.0110.7%
      Movie $14.12$10.7231.7%
      Bowling $20.20$13.8645.7%

      Groceries

      ItemWalthamNational avg.Difference
      Ground Beef $3.59$3.907.9%
      Fried Chicken $1.45$1.403.9%
      Milk $1.99$1.961.4%
      Potatoes $3.99$3.1825.4%
      Pizza $11.49$10.3910.5%
      Beer $9.39$9.231.7%

      Health Care

      ItemWalthamNational avg.Difference
      Optometrist $95.00$106.3410.7%
      Doctor $184.93$115.2560.5%
      Dentist $107.00$98.388.8%
      Ibuprofen $9.29$9.260.3%
      Lipitor $478.31$466.472.5%

      Housing

      ItemWalthamNational avg.Difference
      Home Price $434,500.00$184,700.00135.2%
      Avg. Mortgage Payment $2,497.05$1,273.3296.1%
      Apartment Rent $1,428.00$949.0050.5%

      Transportation

      ItemWalthamNational avg.Difference
      Gasoline $2.65$2.592.1%
      Tire Balancing $63.78$48.9030.4%

      Utilities

      ItemWalthamNational avg.Difference
      All Electricity$214.60$167.6028.0%
      Phone $178.27$163.429.1%
      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.
      Lynn, MA92,07412424%
      Randolph, MA33,52612727%
      Chelsea, MA38,24412727%
      Littleton Common, MA3,00213232%
      Maynard, MA10,52613333%
      Waltham, MA62,69914747%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      South Jordan, UT62,75112323%
      Greenville, SC62,7761066%
      Bethesda, MD62,60819595%
      Bowling Green, KY62,82491-9%
      Castro Valley, CA62,82517171%
      Waltham, MA62,69914747%
      Source: The Waltham, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.