Sharon, MA Cost Of Living

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

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 146, with 100 being the average.

  • The cost of living index in Sharon is 1.5x higher than the national average.

  • Sharon ranks as the #82 cheapest in Massachusetts out of 113.

  • Sharon ranks as the #5,742 cheapest out of 6,412 in the US.

  • The median home value in Sharon is $500,000.

  • The median income in Sharon is $157,255.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
146
Sharon's Overall Cost Of Living
1.5x
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 146, which is 1.5x higher than the national index of 100.

Compared to Massachusetts, Sharon has a cost of living index that's 1.0x higher than Massachusetts's index of 143.

The standard of living in Sharon ranks as #82 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Sharon ranks as the #31 most expensive place in the Bay State.

For more reading on life in Sharon, check out:

82 out of 113
In Massachusetts
5,742 out of 6,412
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 129.

  • The Groceries index in Sharon is 109.

  • The Health index in Sharon is 119.

  • The Housing index in Sharon is 211.

  • The Transportation index in Sharon is 114.

  • The Utilities index in Sharon is 121.

Living Expense Sharon Massachusetts National Average
Overall 146 143 100
Services 129 126 100
Groceries 109 108 100
Health 119 117 100
Housing 211 202 100
Transportation 114 114 100
Utilities 121 123 100
For more reading on cost of living around Massachusetts, check out:
Sharon Cost of Living Vs. MA

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 2017-2021. The key points are:

  • The Median Home Value in Sharon is $500,000.

  • The Median Rent in Sharon is $1,858.

  • The Median Income in Sharon is $157,255.

  • The Home Value To Income in Sharon is 3.2x.

  • The Rent To Monthly Income in Sharon is 0.14x.

Statistic Sharon Massachusetts United States
Median Home Value $500,000 $424,700 $244,900
Median Rent $1,858 $1,429 $1,163
Median Income $157,255 $89,026 $69,021
Home Value To Income 3.2x 4.8x 3.5x
Rent To Monthly Income 0.14x 0.19x 0.2x
Search Homes For Sale In Sharon, MA
$500,000
Median Home Value
$1,858
Median Rent
$157,255
Median Income

Sharon, MA Costs By Category

Detailed Sharon Services Costs Vs. Massachusetts

Item Sharon Massachusetts
Shampoo $1.02 $1.06
Movie $12.55 $10.68
Bowling $5.61 $14.67
Haircut $16.68 $18.62
Beauty Salon $50.37 $39.05

Detailed Sharon Groceries Costs Vs. Massachusetts

Item Sharon Massachusetts
Ground Beef $3.34 $4.22
Fried Chicken $1.71 $1.39
Milk $2.49 $2.05
Potatoes $3.3 $3.29
Pizza $11.3 $10.62
Beer $9.6 $9.38
Toothpaste $2.75 $2.34

Detailed Sharon Health Costs Vs. Massachusetts

Item Sharon Massachusetts
Optometrist $136.98 $108.57
Doctor $151.91 $116.17
Dentist $110.63 $99.13

Detailed Sharon Transportation Costs Vs. Massachusetts

Item Sharon Massachusetts
Gasoline $2.42 $2.22
Tire Balancing $59.24 $50.07

Detailed Sharon Utilities Costs Vs. Massachusetts

Item Sharon Massachusetts
All Electricity $217.29 $167.67
Phone $31.08 $175.64

Sharon SnackAbility

7
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8
Diversity
8
Safety
9.5
Amenities
8
Education
10
Commute
3

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 172, 1.2x Sharon.

  • Brockton, MA has a cost of living index of 122, 0.8x Sharon.

  • Newton, MA has a cost of living index of 192, 1.3x Sharon.

City Population Cost Of Living Vs. Sharon
Cambridge, MA 116,892 172 1.2x
Brockton, MA 104,216 122 0.8x
Newton, MA 88,647 192 1.3x
Waltham, MA 64,655 150 1.0x
Brookline, MA 62,620 191 1.3x
Needham, MA 31,808 180 1.2x
Norwood, MA 31,256 143 1.0x
Wellesley, MA 29,365 216 1.5x
Milton, MA 28,382 156 1.1x
Belmont, MA 27,056 181 1.2x

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