Williamstown 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.
IndexWilliamstownMassachusettsNational
Cost of living index124131100
IndexWilliamstownMassachusettsNational
Goods & Services index109122100
Groceries index119109100
Health care index128121100
Housing index158165100
Transportation index106107100
Utilities index92114100
A general overview of the cost of living index for Williamstown, MA is displayed above. In Williamstown, MA, the overall cost of living index is 124, which is 6% lower than the Massachusetts average and 24% 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 Williamstown, MA, the city's goods and services are 11% lower than the Massachusetts average and 9% higher than the U.S. average.
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Did you know?

  • The cost of living in Williamstown is 6% lower than the Massachusetts average.
  • The cost of living in Williamstown is 24% higher than the national average.
  • The cost of housing in Williamstown is 58% 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 Williamstown, MA Cost of living To Other Cities

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      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Using the salary calculator lets you compare the salary you earn in Williamstown, MA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Williamstown, MA, you have to earn a higher income in order to still have the same standard of living. To operate the Williamstown, MA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$94,375$7,865$2,202$2,832
      Renters$27,321$2,277$637$820
      A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Williamstown, MA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Williamstown, MA has a median income of about $94,375 for people who own homes. Based on that number, a person should spend a maximum of $2,202 on expenses related to housing. Renters have a slightly different median income, which is $27,321. Based on this average, renters should spend no more than $637 on all of their rental costs if they want to maintain a non-impoverished standard of living.

      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 assessing the complete cost of living in Williamstown, MA, the Massachusetts income tax and the Massachusetts sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Massachusetts maximum surtax is 6.25%, and the Massachusetts sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.1% to 5.1% in Massachusetts.

      Goods & Services

      ItemWilliamstownNational avg.Difference
      Haircut $14.67$17.4916.1%
      Beauty Salon $44.33$38.1716.1%
      Toothpaste $2.82$2.3221.5%
      Shampoo $1.04$1.012.8%
      Movie $10.63$10.720.9%
      Bowling $13.00$13.866.2%

      Groceries

      ItemWilliamstownNational avg.Difference
      Ground Beef $4.52$3.9015.9%
      Fried Chicken $1.79$1.4028.2%
      Milk $2.02$1.962.9%
      Potatoes $4.49$3.1841.1%
      Pizza $12.99$10.3925.0%
      Beer $10.66$9.2315.5%

      Health Care

      ItemWilliamstownNational avg.Difference
      Optometrist $137.50$106.3429.3%
      Doctor $168.33$115.2546.1%
      Dentist $133.75$98.3835.9%
      Ibuprofen $8.32$9.2610.2%
      Lipitor $521.62$466.4711.8%

      Housing

      ItemWilliamstownNational avg.Difference
      Home Price $331,700.00$184,700.0079.6%
      Avg. Mortgage Payment $1,563.99$1,273.3222.8%
      Apartment Rent $1,029.00$949.008.4%

      Transportation

      ItemWilliamstownNational avg.Difference
      Gasoline $2.67$2.593.1%
      Tire Balancing $55.32$48.9013.1%

      Utilities

      ItemWilliamstownNational avg.Difference
      All Electricity$145.19$167.6013.4%
      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.
      Readsboro, VT29095-5%
      Hoosick Falls, NY3,44594-6%
      Adams, MA5,41299-1%
      North Adams, MA13,3261000%
      Bennington, VT8,9451022%
      Williamstown, MA4,31512424%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Monte Vista, CO4,31584-16%
      Garwood, NJ4,31513333%
      Barrow, AK4,31612323%
      Pinetop-Lakeside, AZ4,3141044%
      Florence, MS4,31390-10%
      Williamstown, MA4,31512424%
      Source: The Williamstown, MA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.