Wakefield, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2021-02-06
145
Wakefield's Overall Cost Of Living
1.4x
Higher Than The National Average
88 out of 118
In Massachusetts
5,720 out of 6,399
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Wakefield is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Wakefield, MA?

According to the most recent data on the cost of living, Wakefield has an overall cost of living index of 145 which is 1.4x higher than the national index of 100.

Compared to only Massachusetts, Wakefield has a cost of living index that's 1.1x higher than Massachusetts's index of 131.

The standard of living in Wakefield ranks as #5,724 most affordable out of the 6,522 places we measured in Massachusetts. By definition, that implies Wakefield ranks as the #682 most expensive place in the Bay State.

For more reading on life in Wakefield, check out:

Wakefield Cost Of Living Vs. Massachusetts

Living Expense Wakefield Massachusetts National Average
Overall 145 131 100
Services 130 122 100
Groceries 108 109 100
Health 118 121 100
Housing 203 165 100
Transportation 111 107 100
Utilities 115 114 100
For more reading on cost of living around Massachusetts, check out:
Wakefield Cost of Living Vs. MA

Wakefield, MA Housing Cost Breakdown

Housing swings affordability the most between places in Massachusetts, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$505,800
Median Home Value
$1,364
Median Rent
$100,278
Median Income
Statistic Wakefield Massachusetts United States
Median Home Value $505,800 $381,600 $217,500
Median Rent $1,364 $1,282 $1,062
Median Income $100,278 $81,215 $62,843
Home Value To Income 5.0x 4.7x 3.5x
Rent To Monthly Income 0.16x 0.19x 0.2x

Detailed Wakefield Services Costs Vs. Massachusetts

Item Wakefield Massachusetts
Shampoo $1.12 $1.01
Movie $14.12 $10.72
Bowling $20.2 $13.86

Detailed Wakefield Groceries Costs Vs. Massachusetts

Item Wakefield Massachusetts
Ground Beef $3.59 $3.9
Fried Chicken $1.45 $1.4
Milk $1.99 $1.96

Detailed Wakefield Health Costs Vs. Massachusetts

Item Wakefield Massachusetts
Haircut $25.2 $17.49
Beauty Salon $60.4 $38.17
Toothpaste $2.19 $2.32

Detailed Wakefield Transportation Costs Vs. Massachusetts

Item Wakefield Massachusetts
Potatoes $3.99 $3.18
Pizza $11.49 $10.39
Beer $9.39 $9.23
Optometrist $95.0 $106.34
Doctor $184.93 $115.25
Dentist $107.0 $98.38

Detailed Wakefield Utilities Costs Vs. Massachusetts

Item Wakefield Massachusetts
Gasoline $2.65 $2.59
Tire Balancing $63.78 $48.9
All Electricity $214.6 $167.6
Phone $178.27 $163.42

Wakefield SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
6
Diversity
5
Safety
8.5
Amenities
9
Education
8.5
Commute
4

Cost Of Living In Cities Around Wakefield

City Population Cost Of Living Vs. Wakefield
Lynn, MA 93,743 124 0.9x
Newton, MA 88,593 190 1.3x
Malden, MA 60,984 135 0.9x
Brookline, MA 59,180 189 1.3x
Peabody, MA 52,906 135 0.9x
Woburn, MA 40,304 140 1.0x
Lexington, MA 33,340 189 1.3x
Needham, MA 30,970 181 1.2x
Wellesley, MA 28,747 214 1.5x
Saugus, MA 28,215 135 0.9x

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