Cost of living in West Concord 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 West Concord 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 West Concord is 172, with 100 being the average.
The cost of living index in West Concord is 1.7x higher than the national average.
West Concord ranks as the #102 cheapest in Massachusetts out of 113.
West Concord ranks as the #6,149 cheapest out of 6,412 in the US.
The median home value in West Concord is $705,100.
The median income in West Concord is $148,350.
According to the most recent data on the cost of living, West Concord has an overall cost of living index of 172, which is 1.7x higher than the national index of 100.
Compared to Massachusetts, West Concord has a cost of living index that's 1.2x higher than Massachusetts's index of 143.
The standard of living in West Concord ranks as #102 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies West Concord ranks as the #11 most expensive place in the Bay State.
For more reading on life in West Concord, check out:
Six factors go into calculating the cost of living index in West Concord. Here is how it fairs on each of the criteria:
The Services index in West Concord is 127.
The Groceries index in West Concord is 111.
The Health index in West Concord is 121.
The Housing index in West Concord is 281.
The Transportation index in West Concord is 112.
The Utilities index in West Concord is 120.
Living Expense | West Concord | Massachusetts | National Average | |
---|---|---|---|---|
Overall | 172 | 143 | 100 | |
Services | 127 | 126 | 100 | |
Groceries | 111 | 108 | 100 | |
Health | 121 | 117 | 100 | |
Housing | 281 | 202 | 100 | |
Transportation | 112 | 114 | 100 | |
Utilities | 120 | 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 West Concord is $705,100.
The Median Rent in West Concord is $2,259.
The Median Income in West Concord is $148,350.
The Home Value To Income in West Concord is 4.8x.
The Rent To Monthly Income in West Concord is 0.18x.
Statistic | West Concord | Massachusetts | United States |
---|---|---|---|
Median Home Value | $705,100 | $424,700 | $244,900 |
Median Rent | $2,259 | $1,429 | $1,163 |
Median Income | $148,350 | $89,026 | $69,021 |
Home Value To Income | 4.8x | 4.8x | 3.5x |
Rent To Monthly Income | 0.18x | 0.19x | 0.2x |
Item | West Concord | 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 | West Concord | 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 | West Concord | Massachusetts |
---|---|---|
Optometrist | $136.98 | $108.57 |
Doctor | $151.91 | $116.17 |
Dentist | $110.63 | $99.13 |
Item | West Concord | Massachusetts |
---|---|---|
Gasoline | $2.42 | $2.22 |
Tire Balancing | $59.24 | $50.07 |
Item | West Concord | Massachusetts |
---|---|---|
All Electricity | $217.29 | $167.67 |
Phone | $31.08 | $175.64 |
The cost of living varies in the cities and towns around West Concord. 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 West Concord.
Waltham, MA has a cost of living index of 150, 0.9x West Concord.
Brookline, MA has a cost of living index of 191, 1.1x West Concord.
City | Population | Cost Of Living | Vs. West Concord |
---|---|---|---|
Newton, MA | 88,647 | 192 | 1.1x |
Waltham, MA | 64,655 | 150 | 0.9x |
Brookline, MA | 62,620 | 191 | 1.1x |
Arlington, MA | 46,045 | 162 | 0.9x |
Marlborough, MA | 41,505 | 131 | 0.8x |
Lexington, MA | 34,235 | 190 | 1.1x |
Needham, MA | 31,808 | 180 | 1.0x |
Wellesley, MA | 29,365 | 216 | 1.3x |
Reading, MA | 25,483 | 152 | 0.9x |
Winchester, MA | 22,875 | 190 | 1.1x |