Zip 01938 (Ipswich, MA) Cost of Living


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How much do I need to live in Ipswich, Massachusetts?
$11,550 / month
for a family, 113.9% more expensive than the national average A total of $138,600 for the year for a family.
$6,033 / month
for a single person, 26.6% more expensive than the national average A total of $72,400 for the year for a single person.

Ipswich cost of living score
131.5
More expensive
31.5% higher
than the US average
3.1% higher
than the Massachusetts average
Ipswich (zip 01938), Massachusetts gets a BestPlaces Cost of Living score of 131.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 31.5% higher than the U.S. average and 3.1% lower than the average for Massachusetts.

Zip 01938 (Ipswich, MA)

Housing costs in Ipswich?
A typical home costs $723,000, which is 113.8% more expensive than the national average of $338,100 and 29.7% more expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Ipswich costs $2,200 per month, which is 53.8% more than the national average of $1,430 and 2.7% more than the state average of $2,140.

Can I afford Ipswich?
To live comfortably in Ipswich (zip 01938), Massachusetts, a minimum annual income of $138,600 for a family, and $72,400 for a single person is recommended.

What does A.I. say about Ipswich?
The cost of living in 01938 Ipswich, MA is relatively high compared to other areas. The median home value is estimated at $468,500 which is significantly higher than the national median of $231,200. Additionally, the average rent for a one bedroom apartment comes in at around $1,355 per month. Grocery prices and other household expenses are also slightly above the national average. Despite this higher than average cost of living, many residents choose to stay in Ipswich due to its reputation for excellent schools and amenities such as shopping centers and public parks.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesIpswichMassachusettsUnited States
    Unlock127.5100.0
  110.6  Unlock100.0
    Unlock90.2100.0
  226.6  Unlock100.0
    Unlock$557,300$338,100
  106.7  Unlock100.0
    Unlock107.9100.0
  145.4  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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