Stoneham, MA, has a higher cost of living than the nationwide average. The overall cost of living index in Stoneham is 120, which is 20% higher than the national average of 100. Housing costs the most, with an index of 130, making it 30% higher than the national average. Utilities, at 105, are 5% below the national average. Groceries, healthcare, transportation, and miscellaneous items are all above the average, indicating higher expenses for residents.
Stoneham, Massachusetts, stands out in terms of its cost of living, which is significantly higher than the nationwide average. The housing index for Stoneham is 130, reflecting a 30% increase over the national average. This means that housing costs here are considerably higher, impacting potential residents' budgets. Groceries in Stoneham cost 15% more than the national average, with an index of 115. This additional expense is an important consideration for those planning to live in the area.
Utilities in Stoneham are about 5% above the national average, with an index of 105. While this is not the highest cost difference, it still adds to the overall higher living expenses. Transportation costs are 20% higher than the national average, as indicated by an index of 120. This can affect daily commutes and overall transportation expenses for residents. Healthcare costs in Stoneham are 10% above the average, with an index of 110, which is a crucial factor for those considering long-term residence. Miscellaneous expenses also reflect a 25% increase over the national average, with an index of 125, covering various day-to-day costs that add up over time.
