Woburn, MA Cost Of Living
Cost Of Living In Woburn, MA Summary
Cost of living in Woburn 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 Woburn 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 Woburn is 154, with 100 being the average.
The cost of living index in Woburn is 1.5x higher than the national average.
Woburn ranks as the #77 cheapest in Massachusetts out of 112.
Woburn ranks as the #5,792 cheapest out of 6,489 in the US.
The median home value in Woburn is $742,281.
The median income in Woburn is $107,754.
Table Of Contents
Woburn's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Woburn, MA?
According to the most recent data on the cost of living, Woburn has an overall cost of living index of 154, which is 1.5x higher than the national index of 100.
Compared to Massachusetts, Woburn has a cost of living index that's 1.1x higher than Massachusetts's index of 134.
The standard of living in Woburn ranks as #77 most affordable out of the 112 places we measured in Massachusetts. By definition, that implies Woburn ranks as the #35 most expensive place in the Bay State.
For more reading on life in Woburn, check out:
In Massachusetts
In America
Woburn Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Woburn. Here is how it fairs on each of the criteria:
The Services index in Woburn is 123.
The Groceries index in Woburn is 105.
The Health index in Woburn is 111.
The Housing index in Woburn is 241.
The Transportation index in Woburn is 117.
The Utilities index in Woburn is 132.
| Living Expense | Woburn | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 154 | 134 | 100 | |
| Services | 123 | 121 | 100 | |
| Groceries | 105 | 106 | 100 | |
| Health | 111 | 112 | 100 | |
| Housing | 241 | 164 | 100 | |
| Transportation | 117 | 120 | 100 | |
| Utilities | 132 | 136 | 100 | |
Woburn, 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 Woburn is $742,281.
The Median Rent in Woburn is $2,190.
The Median Income in Woburn is $107,754.
The Home Value To Income in Woburn is 6.9x.
The Rent To Monthly Income in Woburn is 0.24x.
| Statistic | Woburn | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $742,281 | $649,115 | $303,400 |
| Median Rent | $2,190 | $1,687 | $1,348 |
| Median Income | $107,754 | $101,341 | $78,538 |
| Home Value To Income | 6.9x | 6.4x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Woburn, MA Costs By Category
Detailed Woburn Services Costs Vs. Massachusetts
| Item | Woburn | 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 Woburn Groceries Costs Vs. Massachusetts
| Item | Woburn | 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 Woburn Health Costs Vs. Massachusetts
| Item | Woburn | Massachusetts |
|---|---|---|
| Optometrist | $123.17 | $125.68 |
| Doctor | $157.89 | $135.78 |
| Dentist | $149.22 | $113.29 |
Detailed Woburn Transportation Costs Vs. Massachusetts
| Item | Woburn | Massachusetts |
|---|---|---|
| Gasoline | $3.43 | $3.46 |
| Tire Balancing | $97.39 | $59.92 |
Detailed Woburn Utilities Costs Vs. Massachusetts
| Item | Woburn | Massachusetts |
|---|---|---|
| All Electricity | $302.72 | $193.99 |
| Phone | $187.85 | $192.25 |
Woburn SnackAbility
/10
Cost Of Living In Cities Around Woburn
The cost of living varies in the cities and towns around Woburn. 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, 1.4x Woburn.
Brookline, MA has a cost of living index of 221, 1.4x Woburn.
Medford, MA has a cost of living index of 163, 1.1x Woburn.
| City | Population | Cost Of Living | Vs. Woburn |
|---|---|---|---|
| Newton, MA | 88,504 | 208 | 1.4x |
| Brookline, MA | 62,822 | 221 | 1.4x |
| Medford, MA | 59,062 | 163 | 1.1x |
| Arlington, MA | 46,015 | 179 | 1.2x |
| Lexington, MA | 34,085 | 211 | 1.4x |
| Needham, MA | 32,059 | 202 | 1.3x |
| Wellesley, MA | 29,906 | 243 | 1.6x |
| Wakefield, MA | 27,284 | 163 | 1.1x |
| Burlington, MA | 26,223 | 169 | 1.1x |
| Reading, MA | 25,448 | 164 | 1.1x |
