Melrose, MA, has a higher cost of living compared to the nationwide average. The overall cost of living index in Melrose is 112, which is 12% higher than the national average of 100. Housing costs in Melrose are 32% above the national average, making it the most significant factor in the higher cost of living. Groceries, utilities, and miscellaneous expenses also exceed the national average, contributing to the elevated cost of living in Melrose.
Melrose, MA, has a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Melrose are notably 32% higher than the national average, with an index of 132. This means that expenses related to renting or buying a home in Melrose are significantly higher than those in other parts of the country.
Other areas also show elevated costs. Groceries in Melrose are 12% above the average, with an index of 112. Utilities, while slightly above average at 7%, are still a consideration for those planning to move. Transportation costs are slightly below the national average, with an index of 98, offering some relief. Healthcare costs are 5% higher than the average, with an index of 105. Miscellaneous expenses, including entertainment and personal care, are 15% higher, with an index of 115. Overall, Melrose, MA, presents a cost of living that is higher in most categories compared to the national average.
