Cost of living in Marblehead 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 Marblehead 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 Marblehead is 165, with 100 being the average.
The cost of living index in Marblehead is 1.6x higher than the national average.
Marblehead ranks as the #99 cheapest in Massachusetts out of 113.
Marblehead ranks as the #6,069 cheapest out of 6,412 in the US.
The median home value in Marblehead is $766,100.
The median income in Marblehead is $154,049.
According to the most recent data on the cost of living, Marblehead has an overall cost of living index of 165, which is 1.6x higher than the national index of 100.
Compared to Massachusetts, Marblehead has a cost of living index that's 1.2x higher than Massachusetts's index of 143.
The standard of living in Marblehead ranks as #99 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Marblehead ranks as the #14 most expensive place in the Bay State.
For more reading on life in Marblehead, check out:
Six factors go into calculating the cost of living index in Marblehead. Here is how it fairs on each of the criteria:
The Services index in Marblehead is 126.
The Groceries index in Marblehead is 115.
The Health index in Marblehead is 122.
The Housing index in Marblehead is 269.
The Transportation index in Marblehead is 108.
The Utilities index in Marblehead is 122.
Living Expense | Marblehead | Massachusetts | National Average | |
---|---|---|---|---|
Overall | 165 | 143 | 100 | |
Services | 126 | 126 | 100 | |
Groceries | 115 | 108 | 100 | |
Health | 122 | 117 | 100 | |
Housing | 269 | 202 | 100 | |
Transportation | 108 | 114 | 100 | |
Utilities | 122 | 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 Marblehead is $766,100.
The Median Rent in Marblehead is $1,567.
The Median Income in Marblehead is $154,049.
The Home Value To Income in Marblehead is 5.0x.
The Rent To Monthly Income in Marblehead is 0.12x.
Statistic | Marblehead | Massachusetts | United States |
---|---|---|---|
Median Home Value | $766,100 | $424,700 | $244,900 |
Median Rent | $1,567 | $1,429 | $1,163 |
Median Income | $154,049 | $89,026 | $69,021 |
Home Value To Income | 5.0x | 4.8x | 3.5x |
Rent To Monthly Income | 0.12x | 0.19x | 0.2x |
Item | Marblehead | 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 |
Item | Marblehead | 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 |
Item | Marblehead | Massachusetts |
---|---|---|
Optometrist | $102.75 | $108.57 |
Doctor | $194.0 | $116.17 |
Dentist | $108.27 | $99.13 |
Item | Marblehead | Massachusetts |
---|---|---|
Gasoline | $2.19 | $2.22 |
Tire Balancing | $64.47 | $50.07 |
Item | Marblehead | Massachusetts |
---|---|---|
All Electricity | $233.87 | $167.67 |
Phone | $181.11 | $175.64 |
The cost of living varies in the cities and towns around Marblehead. 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, 1.0x Marblehead.
Lynn, MA has a cost of living index of 126, 0.8x Marblehead.
Brookline, MA has a cost of living index of 191, 1.2x Marblehead.
City | Population | Cost Of Living | Vs. Marblehead |
---|---|---|---|
Cambridge, MA | 116,892 | 172 | 1.0x |
Lynn, MA | 100,233 | 126 | 0.8x |
Brookline, MA | 62,620 | 191 | 1.2x |
Revere, MA | 60,720 | 134 | 0.8x |
Peabody, MA | 54,200 | 137 | 0.8x |
Arlington, MA | 46,045 | 162 | 1.0x |
Salem, MA | 44,452 | 132 | 0.8x |
Beverly, MA | 42,448 | 139 | 0.8x |
Melrose, MA | 29,567 | 145 | 0.9x |
Saugus, MA | 28,521 | 138 | 0.8x |