If you're looking to retire, one place you might want to consider is The Bay State. Being where the Mayflower landed, Massachusetts can also be where you set your anchor as you enjoy your golden years. There's a lot to do, including enjoying the bay and the humid climate. Massachusetts is a place with a lot to do, but the cost of living can be higher than you might expect. See below as we break down the cost of living. This way, you can determine if moving to Massachusetts is within your budget or if you should look to another state.
If you want to move to Massachusetts, it will cost you. The cost of living is over 31 points higher than the national average, and every expense is also higher. The biggest challenge for living in Massachusetts is the housing, which costs nearly 80 points more than the average, with a median home costing almost $100k more. If you're looking to retire, you must have the money to do so. While there are affordable home options, they are less frequent than in the rest of the country. Keep that in mind when you're considering where to move.
| COST OF LIVING | Massachusetts | United States |
|---|---|---|
| Overall | 131.6 | 100 |
| Grocery | 117 | 100 |
| Housing | 179.2 | 100 |
| Median Home Cost | $381,600 | $291,700 |
| Utilities | 110.8 | 100 |
| Transportation | 112.2 | 100 |
| Miscellaneous | 116.1 | 100 |
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