Cost of Living in Ipswich, MA
Population 13,820 · Massachusetts · Data vintage 2023
(100 = US avg)
Home prices in Ipswich run well above the national baseline, with a median of $701,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $124,405 place the city among the better-paid Massachusetts metros. An unemployment rate of 2.8% points to a labor market well on the tight side of the national distribution.
Geographically, Ipswich sits roughly 15 miles northeast of Lynn. Median home values run roughly 48% higher than Lynn's $473,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Ipswich
The median home value in Ipswich is $701,400 — 130% above the national median of $305,000. Median rent runs $1,525/month, 16% higher than the national median of $1,314/month. The median household income of $124,405/year is 67% higher than the US median of $74,580. The local unemployment rate is 2.8%, 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%. The climate averages highs of 59.4°F and lows of 40.9°F. Overall, Ipswich has a cost of living index of 184 versus the US average of 100, meaning it is 84% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 35 | 38 | 45 | 58 | 69 | 77 | 83 | 82 | 74 | 62 | 51 | 40 |
| Low °F | 19 | 21 | 28 | 38 | 48 | 57 | 63 | 62 | 54 | 43 | 34 | 25 |
| Precip" | 2.86 | 2.44 | 3.42 | 3.60 | 3.39 | 3.99 | 3.48 | 3.04 | 3.75 | 4.10 | 3.52 | 3.32 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Ipswich, MA?
Ipswich has a cost index of 184 (100 = national average). It is 84% above the national average.
What is average rent in Ipswich, MA?
The median gross rent in Ipswich is $1,525 per month based on 2023 Census data.
What is the average home price in Ipswich?
The median home value in Ipswich is $701,400 according to 2023 Census ACS data.
What is the median income in Ipswich?
The median household income in Ipswich is $124,405 per year (2023 ACS 5-year estimates).
What is the sales tax in Ipswich, MA?
The combined state and local sales tax rate in Ipswich is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Ipswich, MA affordable?
Ipswich is above average in cost of living, with an index of 184 — about 84% higher than the national average.
What is the weather like in Ipswich?
Ipswich has average high temperatures of 59.4°F and average lows of 40.9°F. Annual precipitation is 40.9". Data from NOAA 1991–2020 Climate Normals.
Ipswich at a Glance
- Population
- 13,820
- Median Income
- $124,405
- Home Value
- $701,400
- Median Rent
- $1,525/mo
- Unemployment
- 2.8%
- Avg High Temp
- 59.4°F
- Sales Tax
- 6.3%
Explore county-level cost of living data
Massachusetts Rankings
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