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 147, with 100 being the average.
The cost of living index in Stoneham is 1.5x higher than the national average.
Stoneham ranks as the #84 cheapest in Massachusetts out of 113.
Stoneham ranks as the #5,771 cheapest out of 6,412 in the US.
The median home value in Stoneham is $549,600.
The median income in Stoneham is $105,541.
According to the most recent data on the cost of living, Stoneham has an overall cost of living index of 147, which is 1.5x higher than the national index of 100.
Compared to Massachusetts, Stoneham has a cost of living index that's 1.0x higher than Massachusetts's index of 143.
The standard of living in Stoneham ranks as #84 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Stoneham ranks as the #29 most expensive place in the Bay State.
For more reading on life in Stoneham, check out:
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 126.
The Groceries index in Stoneham is 115.
The Health index in Stoneham is 121.
The Housing index in Stoneham is 204.
The Transportation index in Stoneham is 109.
The Utilities index in Stoneham is 122.
|Living Expense||Stoneham||Massachusetts||National Average|
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 Stoneham is $549,600.
The Median Rent in Stoneham is $1,661.
The Median Income in Stoneham is $105,541.
The Home Value To Income in Stoneham is 5.2x.
The Rent To Monthly Income in Stoneham is 0.19x.
|Median Home Value||$549,600||$424,700||$244,900|
|Home Value To Income||5.2x||4.8x||3.5x|
|Rent To Monthly Income||0.19x||0.19x||0.2x|
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 192, 1.3x Stoneham.
Malden, MA has a cost of living index of 137, 0.9x Stoneham.
Brookline, MA has a cost of living index of 191, 1.3x Stoneham.
|City||Population||Cost Of Living||Vs. Stoneham|