C-
12%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
24%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Agawam Town Massachusetts National
Cost of living112133100
Goods & Services108122100
Groceries101105100
Health care103113100
Housing124165100
Transportation96118100
Utilities127134100

An Overview of Cost of Living in Agawam Town, MA

Getting a feel for the cost of living in Agawam Town is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Agawam Town is 112, which is 12% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Housing costs make up a big chunk of the cost of living in Agawam Town, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 24.1% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Is Agawam Town Affordable?

Wondering if Agawam Town is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Agawam Town, for example, the median home price is 26.4% higher than what folks pay nationally, and monthly rent is 18.7% higher than the usual rates. Plus, income levels matter too, with Agawam Town boasting a median household income of $72,396, which is 30.9% higher than the national average.

What Factors can Influence the Cost of Living in Agawam Town?

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Agawam Town, the transportation index stands at 3.7% lower than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Agawam Town, the groceries index is 0.7% higher than the national average.

Where is the Data From?

The Agawam Town cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Agawam Town is 16% lower than the Massachusetts average
  • The cost of living in Agawam Town is 12% higher than the national average
  • Agawam Town housing is 24% higher than the national average
  • Massachusetts general sales tax is 22% higher than the national average
  • Massachusetts state income tax is 93% higher than the national average

Most Affordable Places to Live in and Around Agawam Town

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Compare Agawam Town, MA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$85,406$7,117$1,993$2,562
      Renters$41,250$3,438$962$1,238
      The affordability of the housing market in Agawam Town, MA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Agawam Town homeowners, the median income is $85,406. This indicates that a monthly maximum of $1,993 should be spent by homeowners on all housing related costs. Renters have a median income of $41,250. This indicates that renters would have a maximum of $962 for their rent related monthly costs.

      Massachusetts Sales Tax

      State General Sales Tax With Max Surtax
      Massachusetts 6.25% 6.25%

      Massachusetts Income Tax

      State Income Tax (Low) Income Tax (High)
      Massachusetts 5% 9%

      Goods & Services

      Item Agawam Town National avg. Difference
      Haircut $33.78$24.2639.2%
      Beauty Salon $58.55$45.5628.5%
      Toothpaste $3.65$3.701.5%
      Shampoo $1.42$1.2810.9%
      Movie $12.85$12.135.9%
      Bowling $18.33$18.001.9%

      Groceries

      Item Agawam Town National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $1.46$1.577.4%
      Milk $4.73$4.671.2%
      Potatoes $4.96$4.930.6%
      Pizza $10.79$12.0910.7%
      Beer $10.49$10.410.8%

      Health Care

      Item Agawam Town National avg. Difference
      Optometrist $166.22$125.6832.3%
      Doctor $182.50$135.7834.4%
      Dentist $127.00$113.2912.1%
      Ibuprofen $10.89$10.652.2%
      Lipitor $384.88$468.6017.9%

      Housing

      Item Agawam Town National avg. Difference
      Home Price $233,400.00$184,700.0026.4%
      Avg. Mortgage Payment $2,110.08$2,346.6910.1%
      Apartment Rent $1,126.00$949.0018.7%

      Transportation

      Item Agawam Town National avg. Difference
      Gasoline $3.34$3.463.4%
      Tire Balancing $71.63$59.9219.5%

      Utilities

      Item Agawam Town National avg. Difference
      All Electricity $302.09$193.9955.7%
      Phone $185.16$192.253.7%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Springfield, MA153,6771022.1%
      Rockville, CT7,0841022.4%
      Huntington, MA6751054.6%
      Chicopee, MA55,1861055.3%
      Holyoke, MA40,1611065.5%
      Agawam Town, MA28,62711212.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Lake in the Hills, IL28,6171066.5%
      Shirley, NY28,64012726.9%
      East Haven, CT28,64511312.8%
      Burton, MI28,5988911.0%
      Vero Beach South, FL28,6761033.1%
      Agawam Town, MA28,62711212.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.