Somerset, MA, has a higher cost of living compared to the nationwide average. The overall cost of living index in Somerset stands at 114, which is 14% higher than the national average of 100. This increase is largely driven by housing costs, which are 30% higher than the national average. Groceries, utilities, and healthcare also contribute to this elevated cost, each surpassing the national average by 15%, 10%, and 20%, respectively.
               
              Somerset, MA, has a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Somerset are notably higher, with an index of 130. This means housing expenses are 30% more than the national average. For job seekers, this could mean higher rental or mortgage payments, which is a significant factor to consider when planning a move.
Other areas also show increased costs in Somerset. Groceries have an index of 115, indicating a 15% increase over the national average. Utilities, which include electricity, gas, and water, are 10% higher, with an index of 110. Healthcare costs are also above average, with an index of 120, meaning they are 20% higher. These higher costs in essential areas can impact the overall budget for residents.