Holyoke, MA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Holyoke, MA Summary

Cost of living in Holyoke 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 Holyoke 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 Holyoke is 109, with 100 being the average.

  • The cost of living index in Holyoke is 1.1x higher than the national average.

  • Holyoke ranks as the #10 cheapest in Massachusetts out of 113.

  • Holyoke ranks as the #4,038 cheapest out of 6,412 in the US.

  • The median home value in Holyoke is $209,900.

  • The median income in Holyoke is $45,045.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
109
Holyoke's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Holyoke, MA?

According to the most recent data on the cost of living, Holyoke has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.

Compared to Massachusetts, Holyoke has a cost of living index that's 0.8x lower than Massachusetts's index of 143.

The standard of living in Holyoke ranks as #10 most affordable out of the 113 places we measured in Massachusetts. By definition, that implies Holyoke ranks as the #103 most expensive place in the Bay State.

For more reading on life in Holyoke, check out:

10 out of 113
In Massachusetts
4,038 out of 6,412
In America

Holyoke Cost Of Living Vs. Massachusetts

Six factors go into calculating the cost of living index in Holyoke. Here is how it fairs on each of the criteria:

  • The Services index in Holyoke is 119.

  • The Groceries index in Holyoke is 104.

  • The Health index in Holyoke is 108.

  • The Housing index in Holyoke is 93.

  • The Transportation index in Holyoke is 107.

  • The Utilities index in Holyoke is 126.

Living Expense Holyoke Massachusetts National Average
Overall 109 143 100
Services 119 126 100
Groceries 104 108 100
Health 108 117 100
Housing 93 202 100
Transportation 107 114 100
Utilities 126 123 100
For more reading on cost of living around Massachusetts, check out:
Holyoke Cost of Living Vs. MA

Holyoke, 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 Holyoke is $209,900.

  • The Median Rent in Holyoke is $908.

  • The Median Income in Holyoke is $45,045.

  • The Home Value To Income in Holyoke is 4.7x.

  • The Rent To Monthly Income in Holyoke is 0.24x.

Statistic Holyoke Massachusetts United States
Median Home Value $209,900 $424,700 $244,900
Median Rent $908 $1,429 $1,163
Median Income $45,045 $89,026 $69,021
Home Value To Income 4.7x 4.8x 3.5x
Rent To Monthly Income 0.24x 0.19x 0.2x
Search Homes For Sale In Holyoke, MA
$209,900
Median Home Value
$908
Median Rent
$45,045
Median Income

Holyoke, MA Costs By Category

Detailed Holyoke Services Costs Vs. Massachusetts

Item Holyoke Massachusetts
Shampoo $0.95 $1.06
Movie $12.64 $10.68
Bowling $18.88 $14.67
Haircut $30.29 $18.62
Beauty Salon $49.75 $39.05

Detailed Holyoke Groceries Costs Vs. Massachusetts

Item Holyoke Massachusetts
Ground Beef $4.34 $4.22
Fried Chicken $1.41 $1.39
Milk $2.39 $2.05
Potatoes $3.92 $3.29
Pizza $9.81 $10.62
Beer $11.01 $9.38
Toothpaste $2.06 $2.34

Detailed Holyoke Health Costs Vs. Massachusetts

Item Holyoke Massachusetts
Optometrist $154.87 $108.57
Doctor $115.5 $116.17
Dentist $104.4 $99.13

Detailed Holyoke Transportation Costs Vs. Massachusetts

Item Holyoke Massachusetts
Gasoline $2.31 $2.22
Tire Balancing $58.77 $50.07

Detailed Holyoke Utilities Costs Vs. Massachusetts

Item Holyoke Massachusetts
All Electricity $240.4 $167.67
Phone $178.6 $175.64

Holyoke SnackAbility

5
/10
Overall SnackAbility
Jobs
5/10
Housing
8
Affordability
4
Diversity
8.5
Safety
3
Amenities
9
Education
5
Commute
8.5

Cost Of Living In Cities Around Holyoke

The cost of living varies in the cities and towns around Holyoke. Here's a quick look at the cost of living in the most populous nearby places:

  • Springfield, MA has a cost of living index of 106, 1.0x Holyoke.

  • Chicopee, MA has a cost of living index of 109, 1.0x Holyoke.

  • Westfield, MA has a cost of living index of 112, 1.0x Holyoke.

City Population Cost Of Living Vs. Holyoke
Springfield, MA 155,770 106 1.0x
Chicopee, MA 55,636 109 1.0x
Westfield, MA 40,922 112 1.0x
Northampton, MA 29,379 122 1.1x
West Springfield, VA 23,562 147 1.3x
Longmeadow, MA 15,863 130 1.2x
Windsor Locks, CT 12,559 115 1.1x
Southwood Acres, CT 7,875 115 1.1x
Hazardville, CT 6,070 111 1.0x
Sherwood Manor, CT 5,710 113 1.0x

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