Medfield, MA Cost Of Living
Cost Of Living In Medfield, MA Summary
Cost of living in Medfield 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 Medfield 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 Medfield is 173, with 100 being the average.
The cost of living index in Medfield is 1.7x higher than the national average.
Medfield ranks as the #94 cheapest in Massachusetts out of 112.
Medfield ranks as the #6,114 cheapest out of 6,489 in the US.
The median home value in Medfield is $1,041,765.
The median income in Medfield is $186,625.
Table Of Contents
Medfield's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Medfield, MA?
According to the most recent data on the cost of living, Medfield has an overall cost of living index of 173, which is 1.7x higher than the national index of 100.
Compared to Massachusetts, Medfield has a cost of living index that's 1.3x higher than Massachusetts's index of 134.
The standard of living in Medfield ranks as #94 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Medfield ranks as the #18 most expensive place in the Bay State.
For more reading on life in Medfield, check out:
In Massachusetts
In America
Medfield Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Medfield. Here is how it fairs on each of the criteria:
The Services index in Medfield is 121.
The Groceries index in Medfield is 103.
The Health index in Medfield is 114.
The Housing index in Medfield is 295.
The Transportation index in Medfield is 118.
The Utilities index in Medfield is 132.
| Living Expense | Medfield | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 173 | 134 | 100 | |
| Services | 121 | 121 | 100 | |
| Groceries | 103 | 106 | 100 | |
| Health | 114 | 112 | 100 | |
| Housing | 295 | 164 | 100 | |
| Transportation | 118 | 120 | 100 | |
| Utilities | 132 | 136 | 100 | |
Medfield, 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 Medfield is $1,041,765.
The Median Rent in Medfield is $1,667.
The Median Income in Medfield is $186,625.
The Home Value To Income in Medfield is 5.6x.
The Rent To Monthly Income in Medfield is 0.11x.
| Statistic | Medfield | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $1,041,765 | $649,115 | $303,400 |
| Median Rent | $1,667 | $1,687 | $1,348 |
| Median Income | $186,625 | $101,341 | $78,538 |
| Home Value To Income | 5.6x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.11x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Medfield, MA Costs By Category
Detailed Medfield Services Costs Vs. Massachusetts
| Item | Medfield | Massachusetts |
|---|---|---|
| Shampoo | $1.49 | $1.28 |
| Movie | $15.49 | $12.13 |
| Bowling | $29.33 | $18 |
| Haircut | $43.72 | $24.26 |
| Beauty Salon | $65.56 | $45.56 |
Detailed Medfield Groceries Costs Vs. Massachusetts
| Item | Medfield | Massachusetts |
|---|---|---|
| Ground Beef | $5.48 | $5.84 |
| Fried Chicken | $1.45 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.99 | $4.93 |
| Pizza | $12.52 | $12.09 |
| Beer | $10.21 | $10.41 |
| Toothpaste | $3.53 | $3.7 |
Detailed Medfield Health Costs Vs. Massachusetts
| Item | Medfield | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Medfield Transportation Costs Vs. Massachusetts
| Item | Medfield | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Medfield Utilities Costs Vs. Massachusetts
| Item | Medfield | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Medfield SnackAbility
/10
Cost Of Living In Cities Around Medfield
The cost of living varies in the cities and towns around Medfield. Here's a quick look at the cost of living in the most populous nearby places:
Newton, MA has a cost of living index of 208, 1.2x Medfield.
Brookline, MA has a cost of living index of 221, 1.3x Medfield.
Arlington, MA has a cost of living index of 179, 1.0x Medfield.
| City | Population | Cost Of Living | Vs. Medfield |
|---|---|---|---|
| Newton, MA | 88,504 | 208 | 1.2x |
| Brookline, MA | 62,822 | 221 | 1.3x |
| Arlington, MA | 46,015 | 179 | 1.0x |
| Lexington, MA | 34,085 | 211 | 1.2x |
| Needham, MA | 32,059 | 202 | 1.2x |
| Norwood, MA | 31,380 | 153 | 0.9x |
| Wellesley, MA | 29,906 | 243 | 1.4x |
| Belmont, MA | 27,009 | 204 | 1.2x |
| Dedham, MA | 25,109 | 155 | 0.9x |
| Cochituate, MA | 6,688 | 191 | 1.1x |
