| Index | Woburn | Massachusetts | National |
| Cost of living | 153 | 131 | 100 |
| Groceries | 108 | 109 | 100 |
| Health care | 116 | 116 | 100 |
| Housing | 247 | 169 | 100 |
| Transportation | 112 | 115 | 100 |
| Utilities | 115 | 117 | 100 |
| Lifestyle & Entertainment | 116 | 115 | 100 |
| Household Items | 107 | 109 | 100 |
| Education & Childcare | 122 | 127 | 100 |
Understanding the cost of living in Woburn can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Woburn cost of living index is 153, which is 53% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
If you prioritize affordability when seeking a new place to live, Woburn 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, Woburn falls into this category, which may not align with your preferences for a budget-friendly living environment.
Housing costs are a major factor in the Woburn cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 147.4% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Woburn 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 Woburn, the median home price is 175.2% higher than the national average and monthly rent prices are 82.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Woburn boasting a median household income of $136,048, 67.3% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Woburn, the transportation index is 12.4% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Woburn, healthcare costs are 15.9% higher than the national average.
The Woburn 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.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $172,748 | $14,396 | $4,031 | $5,183 |
| Renters | $104,863 | $8,739 | $2,447 | $3,146 |
| 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. |
| Lawrence, MA | 82,025 | 125 | 25.4% |
| Lowell, MA | 114,170 | 126 | 25.9% |
| Lynn, MA | 97,235 | 134 | 34.4% |
| Salem, MA | 44,881 | 135 | 35.3% |
| Chelsea, MA | 41,000 | 135 | 35.2% |
| Woburn, MA | 41,794 | 153 | 53.4% |
| City | Population | Cost of Living Index | National Avg. |
| Danville, VA | 41,783 | 90 | 10.3% |
| Newnan, GA | 41,765 | 106 | 5.8% |
| Timmins, ON | 41,763 | n/a | |
| Florence, AL | 41,756 | 89 | 11.0% |
| Covington, KY | 41,847 | 87 | 12.6% |
| Woburn, MA | 41,794 | 153 | 53.4% |
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