Ipswich, MA, has a higher cost of living compared to the nationwide average, with an overall index of 120. This means residents in Ipswich typically spend 20% more than the average American. Housing costs are notably higher, at 30% above the national average, making it a significant factor in the overall cost of living.
Ipswich, MA, shows a cost of living index that is notably higher than the nationwide average, which is set at 100. The housing index in Ipswich stands at 130, indicating that housing costs are 30% higher than the national average. This significant increase suggests that potential residents may need to budget more for housing compared to other areas.
In addition to housing, other expenses in Ipswich also exceed the national average. For instance, groceries have a cost of living index of 120, meaning they are 20% more expensive. Utilities, transportation, healthcare, and miscellaneous items also show higher costs, with indices of 105, 110, 115, and 125, respectively. These figures indicate that overall living expenses in Ipswich are higher, with most categories ranging from 5% to 30% above the national average.
