Newton, MA Cost Of Living

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

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 192, with 100 being the average.

  • The cost of living index in Newton is 1.9x higher than the national average.

  • Newton ranks as the #111 cheapest in Massachusetts out of 113.

  • Newton ranks as the #6,284 cheapest out of 6,412 in the US.

  • The median home value in Newton is $992,800.

  • The median income in Newton is $164,607.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
192
Newton's Overall Cost Of Living
1.9x
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 192, which is 1.9x higher than the national index of 100.

Compared to Massachusetts, Newton has a cost of living index that's 1.3x higher than Massachusetts's index of 143.

The standard of living in Newton ranks as #111 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Newton ranks as the #2 most expensive place in the Bay State.

For more reading on life in Newton, check out:

111 out of 113
In Massachusetts
6,284 out of 6,412
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 128.

  • The Groceries index in Newton is 114.

  • The Health index in Newton is 120.

  • The Housing index in Newton is 355.

  • The Transportation index in Newton is 108.

  • The Utilities index in Newton is 123.

Living Expense Newton Massachusetts National Average
Overall 192 143 100
Services 128 126 100
Groceries 114 108 100
Health 120 117 100
Housing 355 202 100
Transportation 108 114 100
Utilities 123 123 100
For more reading on cost of living around Massachusetts, check out:
Newton Cost of Living Vs. MA

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 2017-2021. The key points are:

  • The Median Home Value in Newton is $992,800.

  • The Median Rent in Newton is $2,066.

  • The Median Income in Newton is $164,607.

  • The Home Value To Income in Newton is 6.0x.

  • The Rent To Monthly Income in Newton is 0.15x.

Statistic Newton Massachusetts United States
Median Home Value $992,800 $424,700 $244,900
Median Rent $2,066 $1,429 $1,163
Median Income $164,607 $89,026 $69,021
Home Value To Income 6.0x 4.8x 3.5x
Rent To Monthly Income 0.15x 0.19x 0.2x
Search Homes For Sale In Newton, MA
$992,800
Median Home Value
$2,066
Median Rent
$164,607
Median Income

Newton, MA Costs By Category

Detailed Newton Services Costs Vs. Massachusetts

Item Newton 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 Newton Groceries Costs Vs. Massachusetts

Item Newton 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 Newton Health Costs Vs. Massachusetts

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

Detailed Newton Transportation Costs Vs. Massachusetts

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

Detailed Newton Utilities Costs Vs. Massachusetts

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

Newton SnackAbility

10
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
7
Diversity
8
Safety
9
Amenities
10
Education
10
Commute
6

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 172, 0.9x Newton.

  • Waltham, MA has a cost of living index of 150, 0.8x Newton.

  • Brookline, MA has a cost of living index of 191, 1.0x Newton.

City Population Cost Of Living Vs. Newton
Cambridge, MA 116,892 172 0.9x
Waltham, MA 64,655 150 0.8x
Brookline, MA 62,620 191 1.0x
Arlington, MA 46,045 162 0.8x
Lexington, MA 34,235 190 1.0x
Needham, MA 31,808 180 0.9x
Wellesley, MA 29,365 216 1.1x
Belmont, MA 27,056 181 0.9x
Reading, MA 25,483 152 0.8x
Dedham, MA 25,308 141 0.7x

Articles About Massachusetts

Enjoy The Snack?