Cost of Living in Nantucket, MA
| Cost of Living in Nantucket, MA | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 107% higher | 340% higher |
| Utilities (Monthly) | 14% lower | 1% lower |
| Food | 6% higher | 10% higher |
| Healthcare | 35% higher | 74% higher |
| Transportation | 68% higher | 110% higher |
| Goods & Services | 40% higher | 83% higher |
The cost of living in Nantucket, MA is 62% higher than the state average and 139% higher than the national average. Nantucket, MA housing is 340% more expensive than the U.S average, while utilities are about 1% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 10% pricier in Nantucket, MA than in the rest of the country, while clothing costs around 83% more .
Healthcare services such as doctor check-ups and dentistry cost 74% more here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 83% pricier in Nantucket, MA.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Nantucket is $4,204, while home prices circle around $2,763,328.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Nantucket, energy bills cost around $192.83 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $4.94 in Nantucket, a dozen eggs go for around $3.19 and a pound of potatoes circles around $5.69.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Nantucket, an optometry check-up costs around $221.37, while a dentist appointment is priced $179.82 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $6.88 in Nantucket, while getting your tires balanced will run you about $142.71.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $48.69 here. Meanwhile, a pair of women's slacks will set you back around $39.28.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Nantucket, you should budget around $18.47 a month. When it comes to personal services, a haircut usually goes for $33.55, while dry cleaning costs about $32.18.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Nantucket, the median household income is $109,988.