The cost of living in Hopkinton, MA, significantly exceeds the nationwide average. Specifically, the overall cost of living index in Hopkinton stands at 120, which is 20% higher than the national average of 100. Housing costs are particularly elevated, with an index of 150, indicating a 50% increase over the national average. This data suggests that job seekers considering Hopkinton should be prepared for higher expenses, especially in housing.
The cost of living in Hopkinton, MA, is notably higher than the nationwide average, which is set at 100. Housing costs in Hopkinton stand at 150, which is 50% higher than the average. This means that residents need to allocate significantly more of their budget to housing compared to the national average. Groceries in Hopkinton also exceed the national average, with an index of 115, indicating a 15% increase. This rise suggests that the prices of food items are higher in Hopkinton.
Utilities in Hopkinton are slightly above the national average, with an index of 105, representing a 5% increase. Transportation costs also show a modest rise, with an index of 110, which is 10% higher than the average. Healthcare costs in Hopkinton are 20% higher than the national average, with an index of 120. Miscellaneous expenses, which include items like clothing and entertainment, are 25% higher, with an index of 125. These figures highlight the overall higher cost of living in Hopkinton compared to the national average.