Hingham, MA Cost Of Living
Cost Of Living In Hingham, MA Summary
Cost of living in Hingham research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Hingham is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Massachusetts, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Hingham is 185, with 100 being the average.
The cost of living index in Hingham is 1.9x higher than the national average.
Hingham ranks as the #107 cheapest in Massachusetts out of 113.
Hingham ranks as the #6,242 cheapest out of 6,412 in the US.
The median home value in Hingham is $1,020,600.
The median income in Hingham is $206,384.
Table Of Contents
Hingham's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hingham, MA?
According to the most recent data on the cost of living, Hingham has an overall cost of living index of 185, which is 1.9x higher than the national index of 100.
Compared to Massachusetts, Hingham has a cost of living index that's 1.3x higher than Massachusetts's index of 143.
The standard of living in Hingham ranks as #107 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Hingham ranks as the #6 most expensive place in the Bay State.
For more reading on life in Hingham, check out:
- Living In Hingham
- Hingham Crime Report
- Search Homes For Sale In Hingham, MA
In Massachusetts
In America
Hingham Cost Of Living Vs. Massachusetts
Six factors go into calculating the cost of living index in Hingham. Here is how it fairs on each of the criteria:
The Services index in Hingham is 128.
The Groceries index in Hingham is 113.
The Health index in Hingham is 122.
The Housing index in Hingham is 331.
The Transportation index in Hingham is 108.
The Utilities index in Hingham is 121.
| Living Expense | Hingham | Massachusetts | National Average | |
|---|---|---|---|---|
| Overall | 185 | 143 | 100 | |
| Services | 128 | 126 | 100 | |
| Groceries | 113 | 108 | 100 | |
| Health | 122 | 117 | 100 | |
| Housing | 331 | 202 | 100 | |
| Transportation | 108 | 114 | 100 | |
| Utilities | 121 | 123 | 100 | |
Hingham, MA Housing Cost Breakdown
Housing swings affordability the most between places in Massachusetts, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Hingham is $1,020,600.
The Median Rent in Hingham is $1,411.
The Median Income in Hingham is $206,384.
The Home Value To Income in Hingham is 4.9x.
The Rent To Monthly Income in Hingham is 0.08x.
| Statistic | Hingham | Massachusetts | United States |
|---|---|---|---|
| Median Home Value | $1,020,600 | $424,700 | $244,900 |
| Median Rent | $1,411 | $1,429 | $1,163 |
| Median Income | $206,384 | $89,026 | $69,021 |
| Home Value To Income | 4.9x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.08x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Hingham, MA Costs By Category
Detailed Hingham Services Costs Vs. Massachusetts
| Item | Hingham | Massachusetts |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $14.43 | $10.68 |
| Bowling | $21.0 | $14.67 |
| Haircut | $34.97 | $18.62 |
| Beauty Salon | $64.17 | $39.05 |
Detailed Hingham Groceries Costs Vs. Massachusetts
| Item | Hingham | Massachusetts |
|---|---|---|
| Ground Beef | $3.74 | $4.22 |
| Fried Chicken | $1.64 | $1.39 |
| Milk | $2.27 | $2.05 |
| Potatoes | $4.02 | $3.29 |
| Pizza | $11.16 | $10.62 |
| Beer | $9.29 | $9.38 |
| Toothpaste | $2.3 | $2.34 |
Detailed Hingham Health Costs Vs. Massachusetts
| Item | Hingham | Massachusetts |
|---|---|---|
| Optometrist | $102.75 | $108.57 |
| Doctor | $194.0 | $116.17 |
| Dentist | $108.27 | $99.13 |
Detailed Hingham Transportation Costs Vs. Massachusetts
| Item | Hingham | Massachusetts |
|---|---|---|
| Gasoline | $2.19 | $2.22 |
| Tire Balancing | $64.47 | $50.07 |
Detailed Hingham Utilities Costs Vs. Massachusetts
| Item | Hingham | Massachusetts |
|---|---|---|
| All Electricity | $233.87 | $167.67 |
| Phone | $181.11 | $175.64 |
Hingham SnackAbility
/10
Cost Of Living In Cities Around Hingham
The cost of living varies in the cities and towns around Hingham. Here's a quick look at the cost of living in the most populous nearby places:
Quincy, MA has a cost of living index of 139, 0.8x Hingham.
Newton, MA has a cost of living index of 192, 1.0x Hingham.
Southfield, MI has a cost of living index of 96, 0.5x Hingham.
| City | Population | Cost Of Living | Vs. Hingham |
|---|---|---|---|
| Quincy, MA | 100,544 | 139 | 0.8x |
| Newton, MA | 88,647 | 192 | 1.0x |
| Southfield, MI | 76,196 | 96 | 0.5x |
| Brookline, MA | 62,620 | 191 | 1.0x |
| Arlington, MA | 46,045 | 162 | 0.9x |
| Needham, MA | 31,808 | 180 | 1.0x |
| Melrose, MA | 29,567 | 145 | 0.8x |
| Milton, MA | 28,382 | 156 | 0.8x |
| Belmont, MA | 27,056 | 181 | 1.0x |
| Winchester, MA | 22,875 | 190 | 1.0x |
