Cost of living in Cochituate research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cochituate is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cochituate is 178, with 100 being the average.
The cost of living index in Cochituate is 1.8x higher than the national average.
Cochituate ranks as the #104 cheapest in Massachusetts out of 113.
Cochituate ranks as the #6,199 cheapest out of 6,412 in the US.
The median home value in Cochituate is $698,600.
The median income in Cochituate is $176,458.
According to the most recent data on the cost of living, Cochituate has an overall cost of living index of 178, which is 1.8x higher than the national index of 100.
Compared to Massachusetts, Cochituate has a cost of living index that's 1.2x higher than Massachusetts's index of 143.
The standard of living in Cochituate ranks as #104 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Cochituate ranks as the #9 most expensive place in the Bay State.
For more reading on life in Cochituate, check out:
Six factors go into calculating the cost of living index in Cochituate. Here is how it fairs on each of the criteria:
The Services index in Cochituate is 127.
The Groceries index in Cochituate is 113.
The Health index in Cochituate is 121.
The Housing index in Cochituate is 319.
The Transportation index in Cochituate is 112.
The Utilities index in Cochituate is 118.
Living Expense | Cochituate | Massachusetts | National Average | |
---|---|---|---|---|
Overall | 178 | 143 | 100 | |
Services | 127 | 126 | 100 | |
Groceries | 113 | 108 | 100 | |
Health | 121 | 117 | 100 | |
Housing | 319 | 202 | 100 | |
Transportation | 112 | 114 | 100 | |
Utilities | 118 | 123 | 100 |
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cochituate is $698,600.
The Median Rent in Cochituate is -.
The Median Income in Cochituate is $176,458.
The Home Value To Income in Cochituate is 4.0x.
The Rent To Monthly Income in Cochituate is nanx.
Statistic | Cochituate | Massachusetts | United States |
---|---|---|---|
Median Home Value | $698,600 | $424,700 | $244,900 |
Median Rent | - | $1,429 | $1,163 |
Median Income | $176,458 | $89,026 | $69,021 |
Home Value To Income | 4.0x | 4.8x | 3.5x |
Rent To Monthly Income | nanx | 0.19x | 0.2x |
Item | Cochituate | Massachusetts |
---|---|---|
Shampoo | $1.02 | $1.06 |
Movie | $12.55 | $10.68 |
Bowling | $5.61 | $14.67 |
Haircut | $16.68 | $18.62 |
Beauty Salon | $50.37 | $39.05 |
Item | Cochituate | Massachusetts |
---|---|---|
Ground Beef | $3.34 | $4.22 |
Fried Chicken | $1.71 | $1.39 |
Milk | $2.49 | $2.05 |
Potatoes | $3.3 | $3.29 |
Pizza | $11.3 | $10.62 |
Beer | $9.6 | $9.38 |
Toothpaste | $2.75 | $2.34 |
Item | Cochituate | Massachusetts |
---|---|---|
Optometrist | $136.98 | $108.57 |
Doctor | $151.91 | $116.17 |
Dentist | $110.63 | $99.13 |
Item | Cochituate | Massachusetts |
---|---|---|
Gasoline | $2.42 | $2.22 |
Tire Balancing | $59.24 | $50.07 |
Item | Cochituate | Massachusetts |
---|---|---|
All Electricity | $217.29 | $167.67 |
Phone | $31.08 | $175.64 |
The cost of living varies in the cities and towns around Cochituate. Here's a quick look at the cost of living in the most populous nearby places:
Newton, MA has a cost of living index of 192, 1.1x Cochituate.
Waltham, MA has a cost of living index of 150, 0.8x Cochituate.
Brookline, MA has a cost of living index of 191, 1.1x Cochituate.
City | Population | Cost Of Living | Vs. Cochituate |
---|---|---|---|
Newton, MA | 88,647 | 192 | 1.1x |
Waltham, MA | 64,655 | 150 | 0.8x |
Brookline, MA | 62,620 | 191 | 1.1x |
Arlington, MA | 46,045 | 162 | 0.9x |
Lexington, MA | 34,235 | 190 | 1.1x |
Needham, MA | 31,808 | 180 | 1.0x |
Wellesley, MA | 29,365 | 216 | 1.2x |
Reading, MA | 25,483 | 152 | 0.9x |
Winchester, MA | 22,875 | 190 | 1.1x |
Maynard, MA | 10,702 | 134 | 0.8x |