The cost of living in Stoneham, MA, is higher than the nationwide average. Specifically, Stoneham's overall cost of living stands at 111, which is 11% above the national index of 100. Housing costs in Stoneham are particularly elevated, reaching 136% of the national average.
Other areas like groceries, utilities, transportation, healthcare, and miscellaneous expenses also surpass the national figures. For instance, groceries in Stoneham are 7% more expensive, while utilities cost 5% more than the national average. Although healthcare costs are 20% higher, transportation and miscellaneous expenses are slightly below average. This data suggests that job seekers considering Stoneham should be prepared for higher living costs, especially in housing.
The cost of living index in Stoneham, MA, reveals that housing prices are notably higher than the nationwide average. Specifically, the housing index is 136, which means it costs 36% more to live in Stoneham compared to the average U.S. city. This higher cost for housing makes it a significant consideration for job seekers evaluating a move to Stoneham.
In contrast, other categories show less variation. Groceries, for example, have an index of 107, which is 7% more than the national average. Utilities in Stoneham are priced at 105, just 5% higher than the national average. Transportation costs are even lower, with an index of 92, meaning they are 8% cheaper than the national average. This lower transportation cost can offer some relief to those concerned about daily commuting expenses. Overall, while Stoneham’s housing costs are higher, other living expenses remain relatively close to the national average, providing a mixed picture for potential residents.
