Medway, MA, has a higher cost of living compared to the nationwide average. The overall cost of living index in Medway stands at 108, which is 8% above the national average of 100. Housing costs are the most significant contributor, with an index of 130, indicating a 30% increase over the national average. This higher cost of living may influence job seekers' decisions when considering employment opportunities in Medway.
Medway, MA, shows a cost of living index that varies significantly from the nationwide average of 100. Housing costs in Medway stand at 130, which is 30% higher than the national average. This means that residents in Medway can expect to pay significantly more for housing compared to the average American. The higher housing index can be a crucial factor for job seekers considering Medway, as it may impact their overall budget and lifestyle choices.
In addition to housing, other cost categories in Medway also show variations. For instance, groceries cost 110, which is 10% higher than the national average. This increase suggests that everyday food expenses will be somewhat higher. Utilities in Medway are at 105, which is 5% higher than the average. Transportation costs are slightly lower, at 95, which is 5% lower than the national average. This could be a positive point for those who rely on personal vehicles. Healthcare costs in Medway are at 115, which is 15% higher than the average, indicating that medical expenses may also be a consideration for potential residents. Miscellaneous costs are at 102, which is 2% higher than the average. Overall, Medway presents a mixed picture of cost of living, with some areas higher and some areas lower than the national average.
