Zip 01040 (Holyoke, MA) Cost of Living


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How much do I need to live in Holyoke, Massachusetts?
$4,200 / month
for a family, 22.2% less expensive than the national average A total of $50,400 for the year for a family.
$3,133 / month
for a single person, 34.3% less expensive than the national average A total of $37,600 for the year for a single person.

Holyoke cost of living score
96.2
Less expensive
3.8% lower
than the US average
24.5% lower
than the Massachusetts average
Holyoke (zip 01040), Massachusetts gets a BestPlaces Cost of Living score of 96.2, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 3.8% lower than the U.S. average and 24.5% lower than the average for Massachusetts.

Zip 01040 (Holyoke, MA)

Housing costs in Holyoke?
A typical home costs $263,000, which is 22.2% less expensive than the national average of $338,100 and 52.8% less expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Holyoke costs $1,160 per month, which is 45.8% cheaper than the national average of $2,140 and 6.0% cheaper than the state average of $1,230.

Can I afford Holyoke?
To live comfortably in Holyoke (zip 01040), Massachusetts, a minimum annual income of $50,400 for a family, and $37,600 for a single person is recommended.

What does A.I. say about Holyoke?
The cost of living in 01040 Holyoke, MA is relatively low compared to some other cities in the area. The median home price is around $127,000, which is significantly lower than many nearby areas, and the average rental price for a one-bedroom apartment is about $800 per month. Grocery prices are comparable to most places throughout the state, at around 11 percent above the national average. Transportation costs are also fairly low, with a monthly bus pass costing just $40. Overall, living in 01040 Holyoke, MA can be an affordable option for anyone looking to relocate to the area.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesHolyokeMassachusettsUnited States
  96.2127.5100.0
  105.1108.9100
  91.390.2100.0
  87.4175.0100.0
  $263,000$557,300$338,100
  107112.9100
  88.5107.9100.0
  125.0147.9100.0

   100=National Average

   Average Rent by Bedroom Size
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