Ipswich, MA, has a higher cost of living compared to the nationwide average. The cost of living index in Ipswich stands at 125, which is 25% higher than the national average of 100. This increase is largely driven by housing costs, which are 45% higher than the national average. Other categories like groceries and utilities also show above-average costs, making Ipswich a more expensive place to live.
Ipswich, MA, shows a higher cost of living compared to the nationwide average in several key areas. Housing costs in Ipswich stand at 145, which is 45% higher than the national average. This means that housing expenses in Ipswich are significantly more than what the average American faces. Groceries in Ipswich are also above the national average, with a cost of living index of 110, indicating a 10% increase. This suggests that residents will spend more on food items compared to the average U.S. household.
Utilities in Ipswich are priced at 120, which is 20% higher than the nationwide average. This increase reflects the additional costs residents face for services like electricity, gas, and water. Transportation costs in Ipswich are at 115, showing a 15% rise compared to the national average. This means commuting and other transportation-related expenses are higher in Ipswich. Healthcare costs are slightly below the national average at 105, which is a 5% decrease, offering a small relief to residents. Miscellaneous costs in Ipswich are at 130, which is 30% higher than the national average, indicating that everyday expenses for items like clothing and entertainment are also elevated.
