Newton, MA Cost Of Living
Cost Of Living In Newton, MA Summary
Cost of living in Newton 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 Newton 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 Newton is 208, with 100 being the average.
The cost of living index in Newton is 2.1x higher than the national average.
Newton ranks as the #106 cheapest in Massachusetts out of 112.
Newton ranks as the #6,347 cheapest out of 6,489 in the US.
The median home value in Newton is $1,499,948.
The median income in Newton is $184,989.
Table Of Contents
Newton's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Newton, MA?
According to the most recent data on the cost of living, Newton has an overall cost of living index of 208, which is 2.1x higher than the national index of 100.
Compared to Massachusetts, Newton has a cost of living index that's 1.6x higher than Massachusetts's index of 134.
The standard of living in Newton ranks as #106 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Newton ranks as the #6 most expensive place in the Bay State.
For more reading on life in Newton, check out:
In Massachusetts
In America
Newton Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Newton. Here is how it fairs on each of the criteria:
The Services index in Newton is 123.
The Groceries index in Newton is 105.
The Health index in Newton is 111.
The Housing index in Newton is 421.
The Transportation index in Newton is 120.
The Utilities index in Newton is 136.
| Living Expense | Newton | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 208 | 134 | 100 | |
| Services | 123 | 121 | 100 | |
| Groceries | 105 | 106 | 100 | |
| Health | 111 | 112 | 100 | |
| Housing | 421 | 164 | 100 | |
| Transportation | 120 | 120 | 100 | |
| Utilities | 136 | 136 | 100 | |
Newton, 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 Newton is $1,499,948.
The Median Rent in Newton is $2,388.
The Median Income in Newton is $184,989.
The Home Value To Income in Newton is 8.1x.
The Rent To Monthly Income in Newton is 0.15x.
| Statistic | Newton | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $1,499,948 | $649,115 | $303,400 |
| Median Rent | $2,388 | $1,687 | $1,348 |
| Median Income | $184,989 | $101,341 | $78,538 |
| Home Value To Income | 8.1x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Newton, MA Costs By Category
Detailed Newton Services Costs Vs. Massachusetts
| Item | Newton | 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 Newton Groceries Costs Vs. Massachusetts
| Item | Newton | 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 Newton Health Costs Vs. Massachusetts
| Item | Newton | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Newton Transportation Costs Vs. Massachusetts
| Item | Newton | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Newton Utilities Costs Vs. Massachusetts
| Item | Newton | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Newton SnackAbility
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Cost Of Living In Cities Around Newton
The cost of living varies in the cities and towns around Newton. 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 201, 1.0x Newton.
Waltham, MA has a cost of living index of 167, 0.8x Newton.
Brookline, MA has a cost of living index of 221, 1.1x Newton.
| City | Population | Cost Of Living | Vs. Newton |
|---|---|---|---|
| Cambridge, MA | 117,794 | 201 | 1.0x |
| Waltham, MA | 64,723 | 167 | 0.8x |
| Brookline, MA | 62,822 | 221 | 1.1x |
| Arlington, MA | 46,015 | 179 | 0.9x |
| Lexington, MA | 34,085 | 211 | 1.0x |
| Needham, MA | 32,059 | 202 | 1.0x |
| Wellesley, MA | 29,906 | 243 | 1.2x |
| Belmont, MA | 27,009 | 204 | 1.0x |
| Reading, MA | 25,448 | 164 | 0.8x |
| Dedham, MA | 25,109 | 155 | 0.7x |
