Cost of living in Newburyport 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 Newburyport 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 Newburyport is 137, with 100 being the average.
The cost of living index in Newburyport is 1.4x higher than the national average.
Newburyport ranks as the #64 cheapest in Massachusetts out of 113.
Newburyport ranks as the #5,488 cheapest out of 6,412 in the US.
The median home value in Newburyport is $643,300.
The median income in Newburyport is $115,807.
According to the most recent data on the cost of living, Newburyport has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.
Compared to Massachusetts, Newburyport has a cost of living index that's 1.0x lower than Massachusetts's index of 143.
The standard of living in Newburyport ranks as #64 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Newburyport ranks as the #49 most expensive place in the Bay State.
For more reading on life in Newburyport, check out:
Six factors go into calculating the cost of living index in Newburyport. Here is how it fairs on each of the criteria:
The Services index in Newburyport is 113.
The Groceries index in Newburyport is 98.
The Health index in Newburyport is 114.
The Housing index in Newburyport is 211.
The Transportation index in Newburyport is 96.
The Utilities index in Newburyport is 110.
Living Expense | Newburyport | Massachusetts | National Average | |
---|---|---|---|---|
Overall | 137 | 143 | 100 | |
Services | 113 | 126 | 100 | |
Groceries | 98 | 108 | 100 | |
Health | 114 | 117 | 100 | |
Housing | 211 | 202 | 100 | |
Transportation | 96 | 114 | 100 | |
Utilities | 110 | 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 Newburyport is $643,300.
The Median Rent in Newburyport is $1,366.
The Median Income in Newburyport is $115,807.
The Home Value To Income in Newburyport is 5.6x.
The Rent To Monthly Income in Newburyport is 0.14x.
Statistic | Newburyport | Massachusetts | United States |
---|---|---|---|
Median Home Value | $643,300 | $424,700 | $244,900 |
Median Rent | $1,366 | $1,429 | $1,163 |
Median Income | $115,807 | $89,026 | $69,021 |
Home Value To Income | 5.6x | 4.8x | 3.5x |
Rent To Monthly Income | 0.14x | 0.19x | 0.2x |
Item | Newburyport | Massachusetts |
---|---|---|
Shampoo | $0.98 | $1.06 |
Movie | $8.77 | $10.68 |
Bowling | $19.0 | $14.67 |
Haircut | $25.03 | $18.62 |
Beauty Salon | $41.18 | $39.05 |
Item | Newburyport | Massachusetts |
---|---|---|
Ground Beef | $3.49 | $4.22 |
Fried Chicken | $1.19 | $1.39 |
Milk | $2.79 | $2.05 |
Potatoes | $3.41 | $3.29 |
Pizza | $11.09 | $10.62 |
Beer | $8.99 | $9.38 |
Toothpaste | $2.64 | $2.34 |
Item | Newburyport | Massachusetts |
---|---|---|
Optometrist | $101.89 | $108.57 |
Doctor | $152.49 | $116.17 |
Dentist | $121.64 | $99.13 |
Item | Newburyport | Massachusetts |
---|---|---|
Gasoline | $2.0 | $2.22 |
Tire Balancing | $51.84 | $50.07 |
Item | Newburyport | Massachusetts |
---|---|---|
All Electricity | $205.73 | $167.67 |
Phone | $179.98 | $175.64 |
The cost of living varies in the cities and towns around Newburyport. Here's a quick look at the cost of living in the most populous nearby places:
Haverhill, MA has a cost of living index of 117, 0.9x Newburyport.
Peabody, MA has a cost of living index of 137, 1.0x Newburyport.
Beverly, MA has a cost of living index of 139, 1.0x Newburyport.
City | Population | Cost Of Living | Vs. Newburyport |
---|---|---|---|
Haverhill, MA | 67,093 | 117 | 0.9x |
Peabody, MA | 54,200 | 137 | 1.0x |
Beverly, MA | 42,448 | 139 | 1.0x |
Gloucester, MA | 29,814 | 136 | 1.0x |
Danvers, MA | 27,966 | 140 | 1.0x |
Portsmouth, NH | 21,897 | 128 | 0.9x |
Exeter, NH | 9,908 | 110 | 0.8x |
Hampton, NH | 9,900 | 124 | 0.9x |
Andover, MA | 8,958 | 153 | 1.1x |
Newmarket, NH | 5,621 | 108 | 0.8x |