The cost of living index in Fairhaven, MA, stands notably higher than the nationwide average. Housing costs are 25% above the national average, with groceries and healthcare each at 10% and 15% over the average, respectively. This suggests that relocating to Fairhaven will incur higher expenses for housing, groceries, and healthcare services.
Transportation and utilities in Fairhaven are slightly higher, at 5% and 5% above the national average, respectively. Miscellaneous costs also exceed the average by 2%. Prospective residents should consider these factors when planning a move to Fairhaven.
The cost of living in Fairhaven, MA, shows some differences when compared to the nationwide average. Housing costs stand at 25% higher than the national average, with an index of 125. This means job seekers might need to allocate a larger portion of their budget to find suitable homes in Fairhaven. While the overall housing expenses are high, they provide access to a desirable location and potentially better local amenities.
Other expenses, like groceries and healthcare, are also slightly above average. Groceries have a cost of living index of 110, which is 10% higher than the nationwide average. Similarly, healthcare costs are 15% higher, with an index of 115. These increases suggest that residents need to budget more for these essential services. However, utilities are 5% lower than the national average, with an index of 95. This means expenses on utilities might be slightly more manageable for those moving to Fairhaven.
