Fairhaven, MA, has a higher cost of living compared to the nationwide average. The city's overall cost of living index is 111, meaning it is 11% higher than the average. Housing costs stand out with a significant increase of 30% above the national average.
Other categories, such as groceries and healthcare, also exceed the national average but not as dramatically. Utilities and transportation costs are slightly below the national average, while miscellaneous expenses remain 8% higher. This data highlights that prospective residents should consider these factors when planning for life in Fairhaven.
The cost of living index in Fairhaven, MA, reveals some significant differences compared to the nationwide average, which is set at 100. For housing, Fairhaven's index stands at 130, suggesting that housing costs are 30% higher than the national average. This increase reflects the higher demand and limited supply of housing options in the area.
When it comes to other expenses, Fairhaven's cost of living is relatively close to the national average. Groceries, for example, have an index of 105, which means they are 5% more expensive. Transportation costs also follow a similar trend, with an index of 110, indicating a 10% increase. Utilities and healthcare remain fairly close to the average, with indexes of 95 and 102 respectively. Utilities are 5% lower, while healthcare costs are 2% higher than the national average. Miscellaneous expenses in Fairhaven have an index of 108, showing an 8% increase. Overall, while certain areas such as housing show higher costs, other essential living expenses are quite comparable to the nationwide averages.
