Winchester, MA Cost Of Living

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

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 190, with 100 being the average.

  • The cost of living index in Winchester is 1.9x higher than the national average.

  • Winchester ranks as the #108 cheapest in Massachusetts out of 113.

  • Winchester ranks as the #6,269 cheapest out of 6,412 in the US.

  • The median home value in Winchester is $1,001,300.

  • The median income in Winchester is $184,844.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
190
Winchester's Overall Cost Of Living
1.9x
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 190, which is 1.9x higher than the national index of 100.

Compared to Massachusetts, Winchester has a cost of living index that's 1.3x higher than Massachusetts's index of 143.

The standard of living in Winchester ranks as #108 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Winchester ranks as the #5 most expensive place in the Bay State.

For more reading on life in Winchester, check out:

108 out of 113
In Massachusetts
6,269 out of 6,412
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 126.

  • The Groceries index in Winchester is 114.

  • The Health index in Winchester is 119.

  • The Housing index in Winchester is 350.

  • The Transportation index in Winchester is 107.

  • The Utilities index in Winchester is 124.

Living Expense Winchester Massachusetts National Average
Overall 190 143 100
Services 126 126 100
Groceries 114 108 100
Health 119 117 100
Housing 350 202 100
Transportation 107 114 100
Utilities 124 123 100
For more reading on cost of living around Massachusetts, check out:
Winchester Cost of Living Vs. MA

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 2017-2021. The key points are:

  • The Median Home Value in Winchester is $1,001,300.

  • The Median Rent in Winchester is $2,063.

  • The Median Income in Winchester is $184,844.

  • The Home Value To Income in Winchester is 5.4x.

  • The Rent To Monthly Income in Winchester is 0.13x.

Statistic Winchester Massachusetts United States
Median Home Value $1,001,300 $424,700 $244,900
Median Rent $2,063 $1,429 $1,163
Median Income $184,844 $89,026 $69,021
Home Value To Income 5.4x 4.8x 3.5x
Rent To Monthly Income 0.13x 0.19x 0.2x
Search Homes For Sale In Winchester, MA
$1,001,300
Median Home Value
$2,063
Median Rent
$184,844
Median Income

Winchester, MA Costs By Category

Detailed Winchester Services Costs Vs. Massachusetts

Item Winchester Massachusetts
Shampoo $1.0 $1.06
Movie $14.43 $10.68
Bowling $21.0 $14.67
Haircut $34.97 $18.62
Beauty Salon $64.17 $39.05

Detailed Winchester Groceries Costs Vs. Massachusetts

Item Winchester Massachusetts
Ground Beef $3.74 $4.22
Fried Chicken $1.64 $1.39
Milk $2.27 $2.05
Potatoes $4.02 $3.29
Pizza $11.16 $10.62
Beer $9.29 $9.38
Toothpaste $2.3 $2.34

Detailed Winchester Health Costs Vs. Massachusetts

Item Winchester Massachusetts
Optometrist $102.75 $108.57
Doctor $194.0 $116.17
Dentist $108.27 $99.13

Detailed Winchester Transportation Costs Vs. Massachusetts

Item Winchester Massachusetts
Gasoline $2.19 $2.22
Tire Balancing $64.47 $50.07

Detailed Winchester Utilities Costs Vs. Massachusetts

Item Winchester Massachusetts
All Electricity $233.87 $167.67
Phone $181.11 $175.64

Winchester SnackAbility

7.5
/10
Overall SnackAbility
Jobs
9/10
Housing
10
Affordability
7
Diversity
8
Safety
9
Amenities
9
Education
10
Commute
4

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 192, 1.0x Winchester.

  • Somerville, MA has a cost of living index of 158, 0.8x Winchester.

  • Malden, MA has a cost of living index of 137, 0.7x Winchester.

City Population Cost Of Living Vs. Winchester
Newton, MA 88,647 192 1.0x
Somerville, MA 80,608 158 0.8x
Malden, MA 65,602 137 0.7x
Brookline, MA 62,620 191 1.0x
Medford, MA 60,708 147 0.8x
Arlington, MA 46,045 162 0.9x
Woburn, MA 40,967 141 0.7x
Lexington, MA 34,235 190 1.0x
Needham, MA 31,808 180 0.9x
Melrose, MA 29,567 145 0.8x

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