Cost of Living in Cochituate, MA

Population 6,688 · Massachusetts · Data vintage 2023

221
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing in Cochituate sits 183% above the national median — $862,000 for the typical home — but median household incomes near $190,938 (156% above the US figure) soften the blow that similar pricing creates in lower-wage metros. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.

Cochituate sits roughly 12 miles west of Cambridge — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 17% lower than Cambridge's $1 million.

Cost Overview

Housing 283
Rent 130

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Cochituate

The median home value in Cochituate is $862,000 — 183% above the national median of $305,000. Median rent runs $1,705/month, 30% higher than the national median of $1,314/month. The median household income of $190,938/year is 156% higher than the US median of $74,580. The local unemployment rate is 2.5%, below the national average of 4.8%. Massachusetts's top state income tax rate is 9.0% and the combined sales tax is 6.3%. Overall, Cochituate has a cost of living index of 221 versus the US average of 100, meaning it is 121% more expensive.

🏠 Housing

Median Home Value
$862,000
183% above avg
Median Rent
$1,705/mo
30% above avg
Price-to-Rent Ratio
42.1x
Favors renting
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,429
1 BR
$1,498
2 BR
$1,963
3 BR
$2,405
4 BR
$2,811
Owner-occupied 88.3%
Renter-occupied 11.7%

💰 Estimated Monthly Budget

Rent median rent
$1,705
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,319/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
31.7 min
17% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
34.3%

Commute Mode

Drove alone
60.0%
Carpooled
3.3%
Public transit
1.8%
Walked
0.3%
Work from home
34.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 9.0%
Total Sales Tax 6.3%
State rate 6.3%
Avg local rate 0.0%
Property Tax 1.2%

💼 Income & Employment

Median Household Income
$190,938
156% above avg
Per Capita Income
$91,786
Unemployment Rate
2.5%
47% below avg
Poverty Rate
3.4%
Labor Force Participation
64.0%

🎓 Education

Bachelor's degree+ 28.4%
Graduate degree 45.7%

👥 Demographics

Median Age 44.8
Male median age 44.9
Female median age 44.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
77%
Good air days/yr
101
Max AQI recorded
165
PM2.5 days
193
Ozone days

Frequently Asked Questions

What is the cost of living in Cochituate, MA?

Cochituate has a cost index of 221 (100 = national average). It is 121% above the national average.

What is average rent in Cochituate, MA?

The median gross rent in Cochituate is $1,705 per month based on 2023 Census data.

What is the average home price in Cochituate?

The median home value in Cochituate is $862,000 according to 2023 Census ACS data.

What is the median income in Cochituate?

The median household income in Cochituate is $190,938 per year (2023 ACS 5-year estimates).

What is the sales tax in Cochituate, MA?

The combined state and local sales tax rate in Cochituate is 6.3%. The Massachusetts state income tax top rate is 9.0%.

Is Cochituate, MA affordable?

Cochituate is above average in cost of living, with an index of 221 — about 121% higher than the national average.

Cochituate at a Glance

Population
6,688
Median Income
$190,938
Home Value
$862,000
Median Rent
$1,705/mo
Unemployment
2.5%
Sales Tax
6.3%
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🗺️ County data for Massachusetts

Explore county-level cost of living data

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