Zip 02553 (Monument Beach, MA) Cost of Living


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Monument Beach cost of living score
131.5
More expensive
31.5% higher
than the US average
3.1% higher
than the Massachusetts average
Monument Beach (zip 02553), 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 02553 (Monument Beach, MA)

Housing costs in Monument Beach?
A typical home costs $742,800, which is 119.7% more expensive than the national average of $338,100 and 33.3% more expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Monument Beach costs $2,180 per month, which is 1.9% more than the national average of $2,140 and 6.4% more than the state average of $2,040.

Can I afford Monument Beach?
To live comfortably in Monument Beach (zip 02553), Massachusetts, a minimum annual income of $142,200 for a family, and $66,400 for a single person is recommended.

What does A.I. say about Monument Beach?
The cost of living in 02553 Monument Beach, MA is relatively high compared to other areas in the United States. The median home value is approximately $450,000 which is significantly more than the national median home value of $213,500. Also, the cost of goods and services are higher than the national average. Housing costs make up a large portion of one's expenses as rent for a 1-bedroom apartment averages around $1,700 per month. Groceries are also slightly more expensive than in other cities due to its location on Cape Cod. Overall, 02553 Monument Beach has a high cost of living but its scenic beauty and close proximity to attractions make it an ideal place to live for many residents.
   Cost of living score
     CategoriesMonument BeachMassachusettsUnited States
  131.5127.5100.0
  106.8108.9100
  93.390.2100.0
  179.3175.0100.0
  $742,800$557,300$338,100
  116.5%112.9%100.0%
  98.2107.9100.0
  140.6147.9100.0

   100=National Average

   Average Rent by Bedroom Size
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