Holyoke, MA Cost Of Living
Cost Of Living In Holyoke, MA Summary
Cost of living in Holyoke 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 Holyoke 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 Holyoke is 106, with 100 being the average.
The cost of living index in Holyoke is 1.1x higher than the national average.
Holyoke ranks as the #6 cheapest in Massachusetts out of 112.
Holyoke ranks as the #3,278 cheapest out of 6,489 in the US.
The median home value in Holyoke is $316,844.
The median income in Holyoke is $51,892.
Table Of Contents
Holyoke's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Holyoke, MA?
According to the most recent data on the cost of living, Holyoke has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Massachusetts, Holyoke has a cost of living index that's 0.8x lower than Massachusetts's index of 134.
The standard of living in Holyoke ranks as #6 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Holyoke ranks as the #106 most expensive place in the Bay State.
For more reading on life in Holyoke, check out:
In Massachusetts
In America
Holyoke Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Holyoke. Here is how it fairs on each of the criteria:
The Services index in Holyoke is 108.
The Groceries index in Holyoke is 100.
The Health index in Holyoke is 102.
The Housing index in Holyoke is 100.
The Transportation index in Holyoke is 95.
The Utilities index in Holyoke is 128.
| Living Expense | Holyoke | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 106 | 134 | 100 | |
| Services | 108 | 121 | 100 | |
| Groceries | 100 | 106 | 100 | |
| Health | 102 | 112 | 100 | |
| Housing | 100 | 164 | 100 | |
| Transportation | 95 | 120 | 100 | |
| Utilities | 128 | 136 | 100 | |
Holyoke, MA Housing Cost Breakdown
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 2019-2023. The key points are:
The Median Home Value in Holyoke is $316,844.
The Median Rent in Holyoke is $1,016.
The Median Income in Holyoke is $51,892.
The Home Value To Income in Holyoke is 6.1x.
The Rent To Monthly Income in Holyoke is 0.23x.
| Statistic | Holyoke | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $316,844 | $649,115 | $303,400 |
| Median Rent | $1,016 | $1,687 | $1,348 |
| Median Income | $51,892 | $101,341 | $78,538 |
| Home Value To Income | 6.1x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Holyoke, MA Costs By Category
Detailed Holyoke Services Costs Vs. Massachusetts
| Item | Holyoke | Massachusetts |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $12.85 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $33.78 | $24.26 |
| Beauty Salon | $58.55 | $45.56 |
Detailed Holyoke Groceries Costs Vs. Massachusetts
| Item | Holyoke | Massachusetts |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Holyoke Health Costs Vs. Massachusetts
| Item | Holyoke | Massachusetts |
|---|---|---|
| Optometrist | $166.22 | $125.68 |
| Doctor | $182.5 | $135.78 |
| Dentist | $127.0 | $113.29 |
Detailed Holyoke Transportation Costs Vs. Massachusetts
| Item | Holyoke | Massachusetts |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $71.63 | $59.92 |
Detailed Holyoke Utilities Costs Vs. Massachusetts
| Item | Holyoke | Massachusetts |
|---|---|---|
| All Electricity | $302.09 | $193.99 |
| Phone | $185.16 | $192.25 |
Holyoke SnackAbility
/10
Cost Of Living In Cities Around Holyoke
The cost of living varies in the cities and towns around Holyoke. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, MA has a cost of living index of 104, 1.0x Holyoke.
Chicopee, MA has a cost of living index of 107, 1.0x Holyoke.
Westfield, MA has a cost of living index of 113, 1.1x Holyoke.
| City | Population | Cost Of Living | Vs. Holyoke |
|---|---|---|---|
| Springfield, MA | 154,751 | 104 | 1.0x |
| Chicopee, MA | 55,213 | 107 | 1.0x |
| Westfield, MA | 40,673 | 113 | 1.1x |
| Northampton, MA | 28,640 | 124 | 1.2x |
| West Springfield, VA | 22,905 | 153 | 1.4x |
| Longmeadow, MA | 15,724 | 129 | 1.2x |
| Windsor Locks, CT | 12,555 | 109 | 1.0x |
| Southwood Acres, CT | 8,154 | 113 | 1.1x |
| Hazardville, CT | 6,482 | 105 | 1.0x |
| Sherwood Manor, CT | 5,781 | 111 | 1.0x |
