The cost of living index in Lincoln, MA, significantly exceeds the nationwide average. Lincoln's housing costs are a notable 120% higher than the national average, reflecting a major factor in the overall elevated cost of living. Additional categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses also show above-average rates, reinforcing Lincoln's higher living costs.
Lincoln, MA, presents a higher cost of living compared to the nationwide average, with an overall cost of living index of 155. This figure indicates that residents in Lincoln typically face costs that are 55% higher than the average American. Specifically, housing costs stand at 220 on the index, making them significantly higher than the nationwide average of 100.
In addition to housing, other costs in Lincoln also exceed the national average. For groceries, the index reaches 115, meaning prices are 15% higher. Utilities also show a 10% increase with an index of 110. Transportation costs are slightly higher at 120, while healthcare costs are 30% above average, sitting at 130. Miscellaneous expenses are 25% higher than the national average, with an index of 125. These figures highlight the overall financial considerations for those relocating to or considering life in Lincoln, MA.
