Lincoln, MA, has a higher cost of living compared to the nationwide average. The cost of living index in Lincoln stands at 114, which is 14% higher than the national average of 100. This increase is largely driven by higher housing and miscellaneous expenses, which are 25% and 20% above the national average, respectively.
Lincoln, MA, exhibits a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Lincoln are notably 25% higher than the national average, with an index of 125. This increase suggests that residents may need to allocate a larger portion of their budget to secure suitable housing. Groceries in Lincoln also show a significant rise, with an index of 110, indicating that grocery expenses are 10% higher than the average American household would spend.
Additionally, the cost of utilities in Lincoln stands at 105, which is 5% higher than the nationwide average. Healthcare costs are also elevated, with an index of 115, meaning they are 15% above the national average. Miscellaneous expenses, with an index of 120, are 20% higher than the average. These figures collectively highlight that Lincoln, MA, presents a living environment where various essential expenses are above the national average, making it important for job seekers to consider these factors when planning their relocation.
