The cost of living index in Somerset, MA, reflects higher expenses compared to the nationwide average, which is set at 100. Housing costs stand at 120, indicating a 20% increase. Groceries also surpass the average, with an index of 105, representing a 5% rise in grocery prices.
Other areas, however, remain closer to the national average. Utilities are at 90, showing a 10% decrease. Transportation costs are 95, 5% below the average. Healthcare stands at 110, indicating a 10% increase, while miscellaneous costs are on par with the national average at 100. This variance in cost categories presents a mixed picture for potential residents.
The cost of living in Somerset, MA, presents unique characteristics when compared to the nationwide average. Housing costs in Somerset are notably higher, standing at 120 compared to the national average of 100. This means residents can expect to pay 20% more for housing than the average American.
In terms of groceries, Somerset's cost is slightly elevated at 105. This indicates a 5% increase over the national average. Utilities in Somerset, however, are more affordable, with an index of 90, representing a 10% decrease. Transportation costs mirror the national average at 95, showing no significant change. Healthcare costs in Somerset reach 110, which is 10% higher than the average. Miscellaneous costs remain at the national average of 100, showing no change. Overall, while some costs in Somerset are higher, others are lower, offering a balanced picture for prospective residents.
