Melrose, MA Cost Of Living

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Updated: 2020-03-08
145
Melrose's Overall Cost Of Living
1.4x
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Melrose is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Melrose, MA?

According to the most recent data on the cost of living, Melrose has an overall cost of living index of 145 which is 1.4x higher than the national index of 100.

Compared to only Massachusetts, Melrose has a cost of living index that's 1.1x higher than Massachusetts's index of 131.

The standard of living in Melrose ranks as #5724 most affordable out of the 6522 places we measured in Massachusetts. By definition, that implies Melrose ranks as the #682 most expensive place in the Bay State.

For more reading on life in Melrose, check out:

Melrose Cost Of Living Vs. Massachusetts

Living Expense Melrose Massachusetts National Average
Overall 145 131 100
Services 130 122 100
Groceries 108 109 100
Health 118 121 100
Housing 203 165 100
Transportation 111 107 100
Utilities 115 114 100
For more reading on cost of living around Massachusetts, check out:
Melrose Cost of Living Vs. MA

Melrose, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$508,700
Median Home Value
$1,362
Median Rent
$103,743
Median Income
Statistic Melrose Massachusetts United States
Median Home Value $508,700 $366,800 $204,900
Median Rent $1,362 $1,225 $1,023
Median Income $103,743 $77,378 $60,293
Home Value To Income 4.9x 4.7x 3.4x
Rent To Monthly Income 0.16x 0.19x 0.2x

Melrose SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
7
Diversity
7
Safety
9
Amenities
9.5
Education
9.5
Commute
4

Cost Of Living In Cities Around Melrose

City Population Cost Of Living Vs. Melrose
Newton, MA 88,660 190 1.3x
Somerville, MA 80,434 158 1.1x
Malden, MA 61,094 135 0.9x
Brookline, MA 59,234 189 1.3x
Medford, MA 57,771 146 1.0x
Revere, MA 53,966 132 0.9x
Everett, MA 45,856 135 0.9x
Chelsea, MA 39,852 127 0.9x
Lexington, MA 33,480 189 1.3x
Needham, MA 30,735 181 1.2x

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