Winchester, MA Cost Of Living
Cost Of Living In Winchester, MA Summary
Cost of living in Winchester 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 Winchester 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 Winchester is 212, with 100 being the average.
The cost of living index in Winchester is 2.1x higher than the national average.
Winchester ranks as the #110 cheapest in Massachusetts out of 112.
Winchester ranks as the #6,363 cheapest out of 6,489 in the US.
The median home value in Winchester is $1,514,767.
The median income in Winchester is $218,176.
Table Of Contents
Winchester's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Winchester, MA?
According to the most recent data on the cost of living, Winchester has an overall cost of living index of 212, which is 2.1x higher than the national index of 100.
Compared to Massachusetts, Winchester has a cost of living index that's 1.6x higher than Massachusetts's index of 134.
The standard of living in Winchester ranks as #110 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Winchester ranks as the #2 most expensive place in the Bay State.
For more reading on life in Winchester, check out:
In Massachusetts
In America
Winchester Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Winchester. Here is how it fairs on each of the criteria:
The Services index in Winchester is 123.
The Groceries index in Winchester is 105.
The Health index in Winchester is 115.
The Housing index in Winchester is 434.
The Transportation index in Winchester is 118.
The Utilities index in Winchester is 134.
| Living Expense | Winchester | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 212 | 134 | 100 | |
| Services | 123 | 121 | 100 | |
| Groceries | 105 | 106 | 100 | |
| Health | 115 | 112 | 100 | |
| Housing | 434 | 164 | 100 | |
| Transportation | 118 | 120 | 100 | |
| Utilities | 134 | 136 | 100 | |
Winchester, 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 Winchester is $1,514,767.
The Median Rent in Winchester is $2,271.
The Median Income in Winchester is $218,176.
The Home Value To Income in Winchester is 6.9x.
The Rent To Monthly Income in Winchester is 0.12x.
| Statistic | Winchester | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $1,514,767 | $649,115 | $303,400 |
| Median Rent | $2,271 | $1,687 | $1,348 |
| Median Income | $218,176 | $101,341 | $78,538 |
| Home Value To Income | 6.9x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Winchester, MA Costs By Category
Detailed Winchester Services Costs Vs. Massachusetts
| Item | Winchester | 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 Winchester Groceries Costs Vs. Massachusetts
| Item | Winchester | 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 Winchester Health Costs Vs. Massachusetts
| Item | Winchester | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Winchester Transportation Costs Vs. Massachusetts
| Item | Winchester | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Winchester Utilities Costs Vs. Massachusetts
| Item | Winchester | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Winchester SnackAbility
/10
Cost Of Living In Cities Around Winchester
The cost of living varies in the cities and towns around Winchester. 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, 1.0x Winchester.
Somerville, MA has a cost of living index of 184, 0.9x Winchester.
Malden, MA has a cost of living index of 150, 0.7x Winchester.
| City | Population | Cost Of Living | Vs. Winchester |
|---|---|---|---|
| Newton, MA | 88,504 | 208 | 1.0x |
| Somerville, MA | 80,549 | 184 | 0.9x |
| Malden, MA | 65,509 | 150 | 0.7x |
| Brookline, MA | 62,822 | 221 | 1.0x |
| Medford, MA | 59,062 | 163 | 0.8x |
| Arlington, MA | 46,015 | 179 | 0.8x |
| Woburn, MA | 41,205 | 154 | 0.7x |
| Lexington, MA | 34,085 | 211 | 1.0x |
| Needham, MA | 32,059 | 202 | 1.0x |
| Wellesley, MA | 29,906 | 243 | 1.1x |
