Ipswich, MA, has a higher cost of living compared to the nationwide average, particularly in housing, which stands at 152. This means housing costs are 52% more than the national average. In contrast, groceries, utilities, transportation, healthcare, and miscellaneous expenses hover around or slightly below the national average, with values ranging from 98 to 112.
Ipswich, MA, has a cost of living index that reflects higher expenses compared to the nationwide average, which is set at 100. Notably, housing costs in Ipswich stand at 152, indicating a 52% increase over the average. This means that residents need to allocate nearly 52% more of their income to housing compared to the national benchmark. Additionally, Ipswich's grocery costs, at 112, show an 12% increase, and miscellaneous expenses, at 110, show a 10% increase. These higher costs in key areas illustrate the financial planning necessary for those considering a move to Ipswich.
When examining utilities, Ipswich's index of 105 suggests a 5% increase from the national average, making it slightly more expensive to maintain a household. Transportation costs, at 98, are slightly below average, indicating a 2% decrease. Healthcare expenses, nearly equal to the national average at 99, are minimal, showing almost no change. This mix of higher and lower costs highlights the importance of considering each area separately when evaluating the overall cost of living in Ipswich, MA.
