Sharon, MA Cost Of Living
Cost Of Living In Sharon, MA Summary
Cost of living in Sharon 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 Sharon 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 Sharon is 154, with 100 being the average.
The cost of living index in Sharon is 1.5x higher than the national average.
Sharon ranks as the #77 cheapest in Massachusetts out of 112.
Sharon ranks as the #5,792 cheapest out of 6,489 in the US.
The median home value in Sharon is $857,854.
The median income in Sharon is $183,239.
Table Of Contents
Sharon's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sharon, MA?
According to the most recent data on the cost of living, Sharon has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to Massachusetts, Sharon has a cost of living index that's 1.1x higher than Massachusetts's index of 134.
The standard of living in Sharon ranks as #77 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Sharon ranks as the #35 most expensive place in the Bay State.
For more reading on life in Sharon, check out:
In Massachusetts
In America
Sharon Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Sharon. Here is how it fairs on each of the criteria:
The Services index in Sharon is 124.
The Groceries index in Sharon is 104.
The Health index in Sharon is 115.
The Housing index in Sharon is 231.
The Transportation index in Sharon is 117.
The Utilities index in Sharon is 134.
| Living Expense | Sharon | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 154 | 134 | 100 | |
| Services | 124 | 121 | 100 | |
| Groceries | 104 | 106 | 100 | |
| Health | 115 | 112 | 100 | |
| Housing | 231 | 164 | 100 | |
| Transportation | 117 | 120 | 100 | |
| Utilities | 134 | 136 | 100 | |
Sharon, 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 Sharon is $857,854.
The Median Rent in Sharon is $2,469.
The Median Income in Sharon is $183,239.
The Home Value To Income in Sharon is 4.7x.
The Rent To Monthly Income in Sharon is 0.16x.
| Statistic | Sharon | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $857,854 | $649,115 | $303,400 |
| Median Rent | $2,469 | $1,687 | $1,348 |
| Median Income | $183,239 | $101,341 | $78,538 |
| Home Value To Income | 4.7x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Sharon, MA Costs By Category
Detailed Sharon Services Costs Vs. Massachusetts
| Item | Sharon | 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 Sharon Groceries Costs Vs. Massachusetts
| Item | Sharon | 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 Sharon Health Costs Vs. Massachusetts
| Item | Sharon | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Sharon Transportation Costs Vs. Massachusetts
| Item | Sharon | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Sharon Utilities Costs Vs. Massachusetts
| Item | Sharon | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Sharon SnackAbility
/10
Cost Of Living In Cities Around Sharon
The cost of living varies in the cities and towns around Sharon. 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, 1.3x Sharon.
Brockton, MA has a cost of living index of 128, 0.8x Sharon.
Newton, MA has a cost of living index of 208, 1.4x Sharon.
| City | Population | Cost Of Living | Vs. Sharon |
|---|---|---|---|
| Cambridge, MA | 117,794 | 201 | 1.3x |
| Brockton, MA | 105,080 | 128 | 0.8x |
| Newton, MA | 88,504 | 208 | 1.4x |
| Waltham, MA | 64,723 | 167 | 1.1x |
| Brookline, MA | 62,822 | 221 | 1.4x |
| Needham, MA | 32,059 | 202 | 1.3x |
| Norwood, MA | 31,380 | 153 | 1.0x |
| Wellesley, MA | 29,906 | 243 | 1.6x |
| Milton, MA | 28,481 | 167 | 1.1x |
| Belmont, MA | 27,009 | 204 | 1.3x |
