Palmer Town, MA Cost Of Living
Cost Of Living In Palmer Town, MA Summary
Cost of living in Palmer Town 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 Palmer Town 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 Palmer Town is 107, with 100 being the average.
The cost of living index in Palmer Town is 1.1x higher than the national average.
Palmer Town ranks as the #8 cheapest in Massachusetts out of 112.
Palmer Town ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in Palmer Town is $314,805.
The median income in Palmer Town is $78,789.
Table Of Contents
Palmer Town's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palmer Town, MA?
According to the most recent data on the cost of living, Palmer Town has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Massachusetts, Palmer Town has a cost of living index that's 0.8x lower than Massachusetts's index of 134.
The standard of living in Palmer Town ranks as #8 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Palmer Town ranks as the #104 most expensive place in the Bay State.
For more reading on life in Palmer Town, check out:
In Massachusetts
In America
Palmer Town Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Palmer Town. Here is how it fairs on each of the criteria:
The Services index in Palmer Town is 109.
The Groceries index in Palmer Town is 99.
The Health index in Palmer Town is 104.
The Housing index in Palmer Town is 108.
The Transportation index in Palmer Town is 96.
The Utilities index in Palmer Town is 125.
| Living Expense | Palmer Town | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 107 | 134 | 100 | |
| Services | 109 | 121 | 100 | |
| Groceries | 99 | 106 | 100 | |
| Health | 104 | 112 | 100 | |
| Housing | 108 | 164 | 100 | |
| Transportation | 96 | 120 | 100 | |
| Utilities | 125 | 136 | 100 | |
Palmer Town, 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 Palmer Town is $314,805.
The Median Rent in Palmer Town is $1,041.
The Median Income in Palmer Town is $78,789.
The Home Value To Income in Palmer Town is 4.0x.
The Rent To Monthly Income in Palmer Town is 0.16x.
| Statistic | Palmer Town | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $314,805 | $649,115 | $303,400 |
| Median Rent | $1,041 | $1,687 | $1,348 |
| Median Income | $78,789 | $101,341 | $78,538 |
| Home Value To Income | 4.0x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Palmer Town, MA Costs By Category
Detailed Palmer Town Services Costs Vs. Massachusetts
| Item | Palmer Town | Massachusetts |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $12.85 | $12.13 |
| Bowling | $18.33 | $18 |
| Haircut | $33.78 | $24.26 |
| Beauty Salon | $58.55 | $45.56 |
Detailed Palmer Town Groceries Costs Vs. Massachusetts
| Item | Palmer Town | Massachusetts |
|---|---|---|
| Ground Beef | $6.23 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.73 | $4.67 |
| Potatoes | $4.96 | $4.93 |
| Pizza | $10.79 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Palmer Town Health Costs Vs. Massachusetts
| Item | Palmer Town | Massachusetts |
|---|---|---|
| Optometrist | $166.22 | $125.68 |
| Doctor | $182.5 | $135.78 |
| Dentist | $127.0 | $113.29 |
Detailed Palmer Town Transportation Costs Vs. Massachusetts
| Item | Palmer Town | Massachusetts |
|---|---|---|
| Gasoline | $3.34 | $3.46 |
| Tire Balancing | $71.63 | $59.92 |
Detailed Palmer Town Utilities Costs Vs. Massachusetts
| Item | Palmer Town | Massachusetts |
|---|---|---|
| All Electricity | $302.09 | $193.99 |
| Phone | $185.16 | $192.25 |
Palmer Town SnackAbility
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