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.
Here we can see a simple outline of the cost of living in Winthrop Town, MA. As you can see, with the average cost of living in Winthrop Town, MA being 141, that puts it 8% higher than the average of Massachusetts and 41% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Winthrop Town, MA, the price of goods and services are 8% higher than the average of Massachusetts as well as 30% higher than the nation's average.
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Did you know?
The cost of living in Winthrop Town is 8% higher than the Massachusetts average.
The cost of living in Winthrop Town is 41% higher than the national average.
The cost of housing in Winthrop Town is 80% 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 Winthrop Town, MA Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is used in order to provide a comparison of your current salary in Winthrop Town, MA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Winthrop Town, MA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Winthrop Town, MA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
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 Winthrop Town, 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. Winthrop Town, MA has a median income of about $80,411 for people who own homes. Based on that number, a person should spend a maximum of $1,876 on expenses related to housing. Renters have a slightly different median income, which is $42,241. Based on this average, renters should spend no more than $986 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Massachusetts Sales Tax
General Sales Tax
With Max Surtax
Massachusetts Income Tax
Income Tax (Low)
Income Tax (High)
When considering the overall cost of living expenses in Winthrop Town, 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
Avg. Mortgage Payment
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.