F
42%
Overall NAT. AVG.
22%
Goods & Services NAT. AVG.
95%
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 Weymouth Town Massachusetts National
Cost of living142133100
Goods & Services122122100
Groceries105105100
Health care113113100
Housing195165100
Transportation118118100
Utilities134134100

An Overview of Cost of Living in Weymouth Town, MA

Getting a feel for the cost of living in Weymouth 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 Weymouth Town is 142, which is 42% 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.

If you're in pursuit of an economical living environment, Weymouth 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, Weymouth Town falls within this bracket.

Housing costs are a major factor in the Weymouth Town cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 94.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Weymouth Town, you you will have to spend 21.6% more than average when compared to the typical prices for these items, making it a more expensive place to live.

Is Weymouth Town Affordable?

Wondering if Weymouth 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 Weymouth Town, for example, the median home price is 108.3% higher than what folks pay nationally, and monthly rent is 63.5% higher than the usual rates. Plus, income levels matter too, with Weymouth Town boasting a median household income of $85,536, which is 54.6% higher than the national average.

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

Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Weymouth Town, the standard sales tax rate starts at 6.25%, and the income tax rates commence at 5%.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Weymouth Town, healthcare costs are 12.9% higher than the national average.

Where is the Data From?

The Weymouth 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 Weymouth Town is 7% higher than the Massachusetts average
  • The cost of living in Weymouth Town is 42% higher than the national average
  • Weymouth Town housing is 95% 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 Weymouth Town

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Compare Weymouth 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$105,489$8,791$2,461$3,165
      Renters$52,540$4,378$1,226$1,576
      A good indicator of the general affordability of housing in Weymouth Town, 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 Weymouth Town, the median monthly income is $105,489 for those who own their own homes. Under the standard rule, that income level would allow for $2,461 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $52,540, per the median income in the area. That would allow for renters to spend up to $1,226 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 Weymouth Town National avg. Difference
      Haircut $43.72$24.2680.2%
      Beauty Salon $65.56$45.5643.9%
      Toothpaste $3.53$3.704.7%
      Shampoo $1.49$1.2816.4%
      Movie $15.49$12.1327.6%
      Bowling $29.33$18.0063.0%

      Groceries

      Item Weymouth Town National avg. Difference
      Ground Beef $5.48$5.846.2%
      Fried Chicken $1.45$1.578.0%
      Milk $4.76$4.671.9%
      Potatoes $4.99$4.931.1%
      Pizza $12.52$12.093.6%
      Beer $10.21$10.411.9%

      Health Care

      Item Weymouth Town National avg. Difference
      Optometrist $123.17$125.682.0%
      Doctor $157.89$135.7816.3%
      Dentist $149.22$113.2931.7%
      Ibuprofen $11.39$10.656.9%
      Lipitor $384.69$468.6017.9%

      Housing

      Item Weymouth Town National avg. Difference
      Home Price $384,700.00$184,700.00108.3%
      Avg. Mortgage Payment $4,745.89$2,346.69102.2%
      Apartment Rent $1,552.00$949.0063.5%

      Transportation

      Item Weymouth Town National avg. Difference
      Gasoline $3.43$3.460.9%
      Tire Balancing $97.39$59.9262.5%

      Utilities

      Item Weymouth Town National avg. Difference
      All Electricity $302.72$193.9956.0%
      Phone $187.85$192.252.3%
      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.
      Southfield, MA011919.2%
      Randolph, MA33,52612626.4%
      Brockton, MA95,74012726.6%
      Holbrook, MA11,05113130.6%
      Kingston, MA6,75013636.0%
      Weymouth Town, MA57,21314241.9%

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      City Population Cost of Living Index National Avg.
      Huntersville, NC57,28811918.7%
      Casa Grande, AZ57,3181065.5%
      Taunton, MA57,32711918.9%
      Hanford, CA57,33911716.6%
      Bradenton, FL57,3461033.0%
      Weymouth Town, MA57,21314241.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.