๐Ÿ™๏ธ Cost of Living Calculators Massachusetts

Massachusetts Cost of Living Calculator

Compare Massachusetts cost of living (index: 135). Calculate equivalent salary needed when moving to or from Massachusetts.

Free โ€” No Sign-up Verified Data Editorially Reviewed Updated
Massachusetts Quick Facts
9.0% Income Tax Rate
1.23% Property Tax Rate
$89,645 Median Income
135 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

This calculator compares purchasing power between locations using cost of living indices. Massachusetts's cost of living index is 135 (100 = national average). The equivalent salary is calculated as: Current Salary ร— (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.

Key State Information

Massachusetts cost of living index: 135. Massachusetts is significantly more expensive than the national average. Higher housing, transportation, and food costs drive this. Median household income: $89,645. Median 2BR rent: $1890/month.

Standard financial formulas Pre-filled with real state data Estimates only โ€” not financial advice
Data Source
Missouri Economic Research Center, BEA
View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

What is the cost of living in Massachusetts?

Massachusetts's cost of living index is 135, where 100 is the national average. This means living in Massachusetts costs about 35% more than the national average.

Is Massachusetts expensive to live in?

Yes, Massachusetts is one of the more expensive states. Housing costs are the primary driver. Median home price: $580,000.

How much do I need to earn in Massachusetts to live comfortably?

Based on a cost of living index of 135 and the 50-30-20 budgeting rule, a comfortable salary in Massachusetts would be approximately $102,060/year for a single person renting a 2BR apartment.

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