F
33%
Overall NAT. AVG.
20%
Goods & Services NAT. AVG.
70%
Housing NAT. AVG.
Search Homes for Sale
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 Amesbury Town Massachusetts National
Cost of living133133100
Goods & Services120122100
Groceries102105100
Health care113113100
Housing170165100
Transportation110118100
Utilities131134100

An Overview of Cost of Living in Amesbury Town, MA

The cost of living in Amesbury Town affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Amesbury Town is 133, which is 33% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If you're in pursuit of an economical living environment, Amesbury Town may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Amesbury Town falls within this bracket.

Housing costs are a very significant part of the Amesbury Town cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 70.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Amesbury Town, you can expect to pay 20.2% more than average for these items, making it a more expensive place to live.

Is Amesbury Town Affordable?

Is Amesbury Town an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Amesbury Town is 90.3% higher than the national average, while the average monthly rent prices are 24.3% higher than average. The affordability of any location can also be influenced by median income levels. Amesbury Town has a median household income of $81,027, which is 46.5% higher than the national average.

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

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Amesbury Town, the prevailing sales tax rate starts at 6.25%, and income tax rates kick off at 5%.

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 Amesbury Town, the groceries index is 2% higher than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Where is the Data From?

The cost of living data in Amesbury Town displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Amesbury Town Area
Search Homes for Sale in Amesbury Town, MA

Cost Of Living Quick Facts

  • The cost of living in Amesbury Town is equal to the Massachusetts average
  • The cost of living in Amesbury Town is 33% higher than the national average
  • Amesbury Town housing is 70% 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 Amesbury Town

See all the best places to live around Amesbury Town

Compare Amesbury Town, MA Cost of Living

      vs
      How would you rate the cost of living in Amesbury Town?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Amesbury Town?
      Write a review to give others more information about this area.
      See all Amesbury Town poll results

      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$111,150$9,263$2,593$3,335
      Renters$41,176$3,431$961$1,235
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Amesbury Town, MA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Amesbury Town homeowners, is $111,150. This would allow for a maximum of $2,593 per month to be spent on housing costs. For renters, the median monthly income is $41,176 which would result in a maximum of $961 to be spent on rental 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 Amesbury Town National avg. Difference
      Haircut $26.58$24.269.6%
      Beauty Salon $67.97$45.5649.2%
      Toothpaste $3.73$3.700.8%
      Shampoo $1.25$1.282.1%
      Movie $13.07$12.137.7%
      Bowling $25.44$18.0041.4%

      Groceries

      Item Amesbury Town National avg. Difference
      Ground Beef $5.47$5.846.3%
      Fried Chicken $1.44$1.578.5%
      Milk $4.75$4.671.6%
      Potatoes $5.01$4.931.5%
      Pizza $11.66$12.093.6%
      Beer $9.82$10.415.7%

      Health Care

      Item Amesbury Town National avg. Difference
      Optometrist $115.00$125.688.5%
      Doctor $164.00$135.7820.8%
      Dentist $136.17$113.2920.2%
      Ibuprofen $11.01$10.653.4%
      Lipitor $483.35$468.603.1%

      Housing

      Item Amesbury Town National avg. Difference
      Home Price $351,400.00$184,700.0090.3%
      Avg. Mortgage Payment $2,281.44$2,346.692.8%
      Apartment Rent $1,180.00$949.0024.3%

      Transportation

      Item Amesbury Town National avg. Difference
      Gasoline $3.33$3.463.9%
      Tire Balancing $86.00$59.9243.5%

      Utilities

      Item Amesbury Town National avg. Difference
      All Electricity $294.40$193.9951.8%
      Phone $186.72$192.252.9%
      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.
      Raymond, NH3,80711818.3%
      Exeter, NH9,34912121.0%
      Lawrence, MA80,02212726.7%
      Epping, NH3,00112626.5%
      Haverhill, MA63,78312929.4%
      Amesbury Town, MA17,47413332.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tiffin, OH17,4738811.6%
      Centralia, WA17,4731066.1%
      Brownsville, FL17,4751055.1%
      Redland, MD17,47514140.7%
      Hanover, MB17,472n/a 
      Amesbury Town, MA17,47413332.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.