Zip 01908 (Nahant, MA) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
How much do I need to live in Nahant, Massachusetts?
$13,470 / month
for a family, 149.4% more expensive than the national average
$6,433 / month
for a single person, 34.9% more expensive than the national average

Nahant cost of living score
131.5
More expensive
31.5% higher
than the US average
3.1% higher
than the Massachusetts average
Nahant (zip 01908), 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 01908 (Nahant, MA)

Housing costs in Nahant?
A typical home costs $842,700, which is 149.2% more expensive than the national average of $338,100 and 51.2% more expensive than the average Massachusetts home, at $557,300. Renting a two-bedroom unit in Nahant costs $2,350 per month, which is 64.3% more than the national average of $1,430 and 8.9% more than the state average of $2,140.

Can I afford Nahant?
To live comfortably in Nahant (zip 01908), Massachusetts, a minimum annual income of $161,640 for a family, and $77,200 for a single person is recommended.

What does A.I. say about Nahant?
The cost of living in 01908 Nahant, MA is high compared to the rest of the United States. According to BestPlaces, the estimated cost of living in Nahant is 28% higher than the national average. Housing is particularly expensive, with an estimated cost that is 81% higher than the country's average. This makes it difficult for many people to afford a home in Nahant without having to stretch their budgets. However, the median household income in Nahant is also significantly higher at $96,342 which means that more money can be spent on things like groceries and other necessities.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesNahantMassachusettsUnited States
  131.5127.5100.0
  113.1108.9100
  88.690.2100.0
  264.6175.0100.0
  $842,700$557,300$338,100
  109.7112.9100
  115.0107.9100.0
  145.4147.9100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.