F
24%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
64%
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 Amherst Center Massachusetts National
Cost of living124133100
Goods & Services108122100
Groceries101105100
Health care103113100
Housing164165100
Transportation96118100
Utilities127134100

An Overview of Cost of Living in Amherst Center, MA

The cost of living in Amherst Center 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 Amherst Center is 124, which is 24% 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 affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Amherst Center is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Amherst Center falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Amherst Center cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 63.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Amherst Center Affordable?

Is Amherst Center affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Amherst Center, for instance, where the median home price falls 83.8% higher than the national average, and monthly rent rates are 17.7% higher than usual. Additionally, median income levels contribute to the equation, with Amherst Center flaunting a median household income of $32,121, 41.9% lower than the national norm.

What Factors can Influence the Cost of Living in Amherst Center?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Amherst Center, the healthcare costs are 2.8% higher than the national average.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Amherst Center, the transportation index is 3.7% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Where is the Data From?

The cost of living data in Amherst Center 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.

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Cost Of Living Quick Facts

  • The cost of living in Amherst Center is 7% lower than the Massachusetts average
  • The cost of living in Amherst Center is 24% higher than the national average
  • Amherst Center housing is 64% 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 Amherst Center

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Compare Amherst Center, 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$86,406$7,201$2,016$2,592
      Renters$19,591$1,633$457$588
      A good indicator of the general affordability of housing in Amherst Center, MA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Amherst Center, the median monthly income is $86,406 for those who own their own homes. Under the standard rule, that income level would allow for $2,016 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $19,591, per the median income in the area. That would allow for renters to spend up to $457 on monthly rental expenses.

      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 Amherst Center 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 Amherst Center 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 Amherst Center 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 Amherst Center National avg. Difference
      Home Price $339,400.00$184,700.0083.8%
      Avg. Mortgage Payment $2,110.08$2,346.6910.1%
      Apartment Rent $1,117.00$949.0017.7%

      Transportation

      Item Amherst Center National avg. Difference
      Gasoline $3.34$3.463.4%
      Tire Balancing $71.63$59.9219.5%

      Utilities

      Item Amherst Center 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.
      Millers Falls, MA1,1581033.2%
      Ware, MA5,9781044.1%
      Holyoke, MA40,1611065.5%
      Palmer Town, MA12,2361076.7%
      Granby, MA1,1831099.4%
      Amherst Center, MA20,03712424.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Chester, PA20,03313029.6%
      Punta Gorda, FL20,04412221.8%
      Shelby, NC20,0468911.0%
      Miamisburg, OH20,020954.7%
      Elmwood Park, NJ20,01913332.6%
      Amherst Center, MA20,03712424.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.