Stoneham, MA Cost Of Living
Cost Of Living In Stoneham, MA Summary
Cost of living in Stoneham 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 Stoneham 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 Stoneham is 160, with 100 being the average.
The cost of living index in Stoneham is 1.6x higher than the national average.
Stoneham ranks as the #82 cheapest in Massachusetts out of 112.
Stoneham ranks as the #5,900 cheapest out of 6,489 in the US.
The median home value in Stoneham is $783,765.
The median income in Stoneham is $112,635.
Table Of Contents
Stoneham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Stoneham, MA?
According to the most recent data on the cost of living, Stoneham has an overall cost of living index of 160, which is 1.6x higher than the national index of 100.
Compared to Massachusetts, Stoneham has a cost of living index that's 1.2x higher than Massachusetts's index of 134.
The standard of living in Stoneham ranks as #82 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Stoneham ranks as the #30 most expensive place in the Bay State.
For more reading on life in Stoneham, check out:
In Massachusetts
In America
Stoneham Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Stoneham. Here is how it fairs on each of the criteria:
The Services index in Stoneham is 124.
The Groceries index in Stoneham is 107.
The Health index in Stoneham is 113.
The Housing index in Stoneham is 248.
The Transportation index in Stoneham is 119.
The Utilities index in Stoneham is 134.
| Living Expense | Stoneham | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 160 | 134 | 100 | |
| Services | 124 | 121 | 100 | |
| Groceries | 107 | 106 | 100 | |
| Health | 113 | 112 | 100 | |
| Housing | 248 | 164 | 100 | |
| Transportation | 119 | 120 | 100 | |
| Utilities | 134 | 136 | 100 | |
Stoneham, 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 Stoneham is $783,765.
The Median Rent in Stoneham is $1,878.
The Median Income in Stoneham is $112,635.
The Home Value To Income in Stoneham is 7.0x.
The Rent To Monthly Income in Stoneham is 0.2x.
| Statistic | Stoneham | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $783,765 | $649,115 | $303,400 |
| Median Rent | $1,878 | $1,687 | $1,348 |
| Median Income | $112,635 | $101,341 | $78,538 |
| Home Value To Income | 7.0x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Stoneham, MA Costs By Category
Detailed Stoneham Services Costs Vs. Massachusetts
| Item | Stoneham | 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 Stoneham Groceries Costs Vs. Massachusetts
| Item | Stoneham | 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 Stoneham Health Costs Vs. Massachusetts
| Item | Stoneham | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Stoneham Transportation Costs Vs. Massachusetts
| Item | Stoneham | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Stoneham Utilities Costs Vs. Massachusetts
| Item | Stoneham | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Stoneham SnackAbility
/10
Cost Of Living In Cities Around Stoneham
The cost of living varies in the cities and towns around Stoneham. Here's a quick look at the cost of living in the most populous nearby places:
Newton, MA has a cost of living index of 208, 1.3x Stoneham.
Malden, MA has a cost of living index of 150, 0.9x Stoneham.
Brookline, MA has a cost of living index of 221, 1.4x Stoneham.
| City | Population | Cost Of Living | Vs. Stoneham |
|---|---|---|---|
| Newton, MA | 88,504 | 208 | 1.3x |
| Malden, MA | 65,509 | 150 | 0.9x |
| Brookline, MA | 62,822 | 221 | 1.4x |
| Medford, MA | 59,062 | 163 | 1.0x |
| Arlington, MA | 46,015 | 179 | 1.1x |
| Woburn, MA | 41,205 | 154 | 1.0x |
| Lexington, MA | 34,085 | 211 | 1.3x |
| Needham, MA | 32,059 | 202 | 1.3x |
| Wellesley, MA | 29,906 | 243 | 1.5x |
| Melrose, MA | 29,488 | 166 | 1.0x |
