Malden, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Malden, MA Summary

Cost of living in Malden 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 Malden 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 Malden is 137, with 100 being the average.

  • The cost of living index in Malden is 1.4x higher than the national average.

  • Malden ranks as the #64 cheapest in Massachusetts out of 113.

  • Malden ranks as the #5,488 cheapest out of 6,412 in the US.

  • The median home value in Malden is $491,300.

  • The median income in Malden is $77,119.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
137
Malden's Overall Cost Of Living
1.4x
Higher Than The National Average

What is the cost of living in Malden, MA?

According to the most recent data on the cost of living, Malden has an overall cost of living index of 137, which is 1.4x higher than the national index of 100.

Compared to Massachusetts, Malden has a cost of living index that's 1.0x lower than Massachusetts's index of 143.

The standard of living in Malden ranks as #64 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Malden ranks as the #49 most expensive place in the Bay State.

For more reading on life in Malden, check out:

64 out of 113
In Massachusetts
5,488 out of 6,412
In America

Malden Cost Of Living Vs. Massachusetts

Six factors go into calculating the cost of living index in Malden. Here is how it fairs on each of the criteria:

  • The Services index in Malden is 127.

  • The Groceries index in Malden is 112.

  • The Health index in Malden is 123.

  • The Housing index in Malden is 169.

  • The Transportation index in Malden is 110.

  • The Utilities index in Malden is 123.

Living Expense Malden Massachusetts National Average
Overall 137 143 100
Services 127 126 100
Groceries 112 108 100
Health 123 117 100
Housing 169 202 100
Transportation 110 114 100
Utilities 123 123 100
For more reading on cost of living around Massachusetts, check out:
Malden Cost of Living Vs. MA

Malden, 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 2017-2021. The key points are:

  • The Median Home Value in Malden is $491,300.

  • The Median Rent in Malden is $1,774.

  • The Median Income in Malden is $77,119.

  • The Home Value To Income in Malden is 6.4x.

  • The Rent To Monthly Income in Malden is 0.28x.

Statistic Malden Massachusetts United States
Median Home Value $491,300 $424,700 $244,900
Median Rent $1,774 $1,429 $1,163
Median Income $77,119 $89,026 $69,021
Home Value To Income 6.4x 4.8x 3.5x
Rent To Monthly Income 0.28x 0.19x 0.2x
Search Homes For Sale In Malden, MA
$491,300
Median Home Value
$1,774
Median Rent
$77,119
Median Income

Malden, MA Costs By Category

Detailed Malden Services Costs Vs. Massachusetts

Item Malden Massachusetts
Shampoo $1.0 $1.06
Movie $14.43 $10.68
Bowling $21.0 $14.67
Haircut $34.97 $18.62
Beauty Salon $64.17 $39.05

Detailed Malden Groceries Costs Vs. Massachusetts

Item Malden Massachusetts
Ground Beef $3.74 $4.22
Fried Chicken $1.64 $1.39
Milk $2.27 $2.05
Potatoes $4.02 $3.29
Pizza $11.16 $10.62
Beer $9.29 $9.38
Toothpaste $2.3 $2.34

Detailed Malden Health Costs Vs. Massachusetts

Item Malden Massachusetts
Optometrist $102.75 $108.57
Doctor $194.0 $116.17
Dentist $108.27 $99.13

Detailed Malden Transportation Costs Vs. Massachusetts

Item Malden Massachusetts
Gasoline $2.19 $2.22
Tire Balancing $64.47 $50.07

Detailed Malden Utilities Costs Vs. Massachusetts

Item Malden Massachusetts
All Electricity $233.87 $167.67
Phone $181.11 $175.64

Malden SnackAbility

8
/10
Overall SnackAbility
Jobs
7/10
Housing
9
Affordability
3
Diversity
10
Safety
7
Amenities
10
Education
8
Commute
3

Cost Of Living In Cities Around Malden

The cost of living varies in the cities and towns around Malden. Here's a quick look at the cost of living in the most populous nearby places:

  • Cambridge, MA has a cost of living index of 172, 1.3x Malden.

  • Newton, MA has a cost of living index of 192, 1.4x Malden.

  • Somerville, MA has a cost of living index of 158, 1.2x Malden.

City Population Cost Of Living Vs. Malden
Cambridge, MA 116,892 172 1.3x
Newton, MA 88,647 192 1.4x
Somerville, MA 80,608 158 1.2x
Brookline, MA 62,620 191 1.4x
Revere, MA 60,720 134 1.0x
Medford, MA 60,708 147 1.1x
Everett, MA 48,368 137 1.0x
Chelsea, MA 40,025 127 0.9x
Lexington, MA 34,235 190 1.4x
Needham, MA 31,808 180 1.3x

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