Medway, MA, shows a cost of living index that exceeds the nationwide average in several key areas. Housing costs are 20% higher, groceries 10% more expensive, and healthcare services 15% more costly. Utilities and transportation also show modest increases at 5% and 5%, respectively. Overall, residents in Medway, MA, face a cost of living 10% above the national average.
Medway, MA presents a higher cost of living when compared to the nationwide average, which is set at 100. Housing costs in Medway are 20% higher than the national average, with an index of 120. This means that the prices for renting or buying a home in Medway are significantly above the usual rates found elsewhere. For someone moving to Medway, this represents a notable increase in housing expenses.
Other areas like groceries and healthcare also show higher costs. Medway's grocery index stands at 110, which is 10% more than the average. Similarly, healthcare costs are 15% higher, with an index of 115. These higher indices suggest that daily living expenses, especially those related to food and medical services, will be more expensive for residents of Medway. Despite these increases, the utility costs are slightly lower, with an index of 95, meaning they are 5% cheaper than the national average. Transportation and miscellaneous costs also mirror the national average, showing a mixed picture of living expenses in Medway.
