Malden, MA Cost Of Living
Cost Of Living In Malden, MA Summary
Cost of living in Malden 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 Malden 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 Malden is 137, with 100 being the average.
The cost of living index in Malden is 1.4x higher than the national average.
Malden ranks as the #64 cheapest in Massachusetts out of 113.
Malden ranks as the #5,488 cheapest out of 6,412 in the US.
The median home value in Malden is $491,300.
The median income in Malden is $77,119.
Table Of Contents
Malden's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Malden, MA?
According to the most recent data on the cost of living, Malden has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Malden has a cost of living index that's 1.0x lower than Massachusetts's index of 143.
The standard of living in Malden ranks as #64 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Malden ranks as the #49 most expensive place in the Bay State.
For more reading on life in Malden, check out:
- Living In Malden
- Malden Crime Report
- Search Homes For Sale In Malden, MA
In Massachusetts
In America
Malden Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Malden. Here is how it fairs on each of the criteria:
The Services index in Malden is 127.
The Groceries index in Malden is 112.
The Health index in Malden is 123.
The Housing index in Malden is 169.
The Transportation index in Malden is 110.
The Utilities index in Malden is 123.
| Living Expense | Malden | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 137 | 143 | 100 | |
| Services | 127 | 126 | 100 | |
| Groceries | 112 | 108 | 100 | |
| Health | 123 | 117 | 100 | |
| Housing | 169 | 202 | 100 | |
| Transportation | 110 | 114 | 100 | |
| Utilities | 123 | 123 | 100 | |
Malden, MA Housing Cost Breakdown
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 Malden is $491,300.
The Median Rent in Malden is $1,774.
The Median Income in Malden is $77,119.
The Home Value To Income in Malden is 6.4x.
The Rent To Monthly Income in Malden is 0.28x.
| Statistic | Malden | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $491,300 | $424,700 | $244,900 |
| Median Rent | $1,774 | $1,429 | $1,163 |
| Median Income | $77,119 | $89,026 | $69,021 |
| Home Value To Income | 6.4x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Malden, MA Costs By Category
Detailed Malden Services Costs Vs. Massachusetts
| Item | Malden | Massachusetts |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $14.43 | $10.68 |
| Bowling | $21.0 | $14.67 |
| Haircut | $34.97 | $18.62 |
| Beauty Salon | $64.17 | $39.05 |
Detailed Malden Groceries Costs Vs. Massachusetts
| Item | Malden | Massachusetts |
|---|---|---|
| Ground Beef | $3.74 | $4.22 |
| Fried Chicken | $1.64 | $1.39 |
| Milk | $2.27 | $2.05 |
| Potatoes | $4.02 | $3.29 |
| Pizza | $11.16 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $2.3 | $2.34 |
Detailed Malden Health Costs Vs. Massachusetts
| Item | Malden | Massachusetts |
|---|---|---|
| Optometrist | $102.75 | $108.57 |
| Doctor | $194.0 | $116.17 |
| Dentist | $108.27 | $99.13 |
Detailed Malden Transportation Costs Vs. Massachusetts
| Item | Malden | Massachusetts |
|---|---|---|
| Gasoline | $2.19 | $2.22 |
| Tire Balancing | $64.47 | $50.07 |
Detailed Malden Utilities Costs Vs. Massachusetts
| Item | Malden | Massachusetts |
|---|---|---|
| All Electricity | $233.87 | $167.67 |
| Phone | $181.11 | $175.64 |
Malden SnackAbility
/10
Cost Of Living In Cities Around Malden
The cost of living varies in the cities and towns around Malden. Here's a quick look at the cost of living in the most populous nearby places:
Cambridge, MA has a cost of living index of 172, 1.3x Malden.
Newton, MA has a cost of living index of 192, 1.4x Malden.
Somerville, MA has a cost of living index of 158, 1.2x Malden.
| City | Population | Cost Of Living | Vs. Malden |
|---|---|---|---|
| Cambridge, MA | 116,892 | 172 | 1.3x |
| Newton, MA | 88,647 | 192 | 1.4x |
| Somerville, MA | 80,608 | 158 | 1.2x |
| Brookline, MA | 62,620 | 191 | 1.4x |
| Revere, MA | 60,720 | 134 | 1.0x |
| Medford, MA | 60,708 | 147 | 1.1x |
| Everett, MA | 48,368 | 137 | 1.0x |
| Chelsea, MA | 40,025 | 127 | 0.9x |
| Lexington, MA | 34,235 | 190 | 1.4x |
| Needham, MA | 31,808 | 180 | 1.3x |
