Cost of Living in Worcester, MA
2024 data from the Bureau of Economic Analysis
Cost Index
102.5
2.5% above avg
Housing Index
113.0
Median Income
$86,708
Median Rent
$1,241/mo
Cost Breakdown
Overall102.5 (+2.5%)
Housing113.0 (+13.0%)
Goods97.0 (-3.0%)
Utilities155.2 (+55.2%)
Other Services101.2 (+1.2%)
National average = 100
Income & Housing
Median Household Income
$86,708/year
Median Home Value
$347,400
Median Monthly Rent
$1,241/mo
Per Capita Income
$44,529/year
Compare Worcester, MA With
Frequently Asked Questions
Is Worcester, MA expensive to live in?
Worcester, MA has a cost of living index of 102.5, which is 2.5% above the national average.
How much does housing cost in Worcester, MA?
Housing costs in Worcester, MA are indexed at 113.0 compared to the national average of 100. The median monthly rent is $1,241.
What is the average income in Worcester, MA?
The median household income in Worcester, MA is $86,708 per year.
What is the average home price in Worcester, MA?
The median home value in Worcester, MA is $347,400.