Cost of Living in Maynard, MA

Population 10,663 · Massachusetts · Data vintage 2023

148
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Maynard is a smaller Massachusetts community of around 11000 residents, where median household incomes of $119,549 and housing costs ($494,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 15 miles southwest of Lowell, Maynard falls within that metro's commuting orbit. Median home values run roughly 25% higher than Lowell's $395,000.

Cost Overview

Housing 162
Rent 128

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

About the Cost of Living in Maynard

The median home value in Maynard is $494,200 — 62% above the national median of $305,000. Median rent runs $1,678/month, 28% higher than the national median of $1,314/month. The median household income of $119,549/year is 60% higher than the US median of $74,580. The local unemployment rate is 4.9%, above 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, Maynard has a cost of living index of 148 versus the US average of 100, meaning it is 48% more expensive.

🏠 Housing

Median Home Value
$494,200
62% above avg
Zillow Home Value
$592,415
Zillow ZHVI
Median Rent
$1,678/mo
28% above avg
Zillow Rent
$2,578/mo
Zillow ZORI
Price-to-Rent Ratio
24.5x
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 77.0%
Renter-occupied 23.0%

💰 Estimated Monthly Budget

Rent median rent
$1,678
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,292/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
34.4 min
27% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
20.3%

Commute Mode

Drove alone
70.5%
Carpooled
6.3%
Public transit
1.3%
Walked
1.6%
Work from home
20.3%

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
$119,549
60% above avg
Per Capita Income
$66,632
Unemployment Rate
4.9%
2% above avg
Poverty Rate
7.4%
Labor Force Participation
72.4%

🎓 Education

Bachelor's degree+ 32.8%
Graduate degree 31.4%

👥 Demographics

Median Age 43.2
Male median age 43.7
Female median age 42.8

💨 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

🏫 Schools

NCES CCD 2019 — public school district data

87%
4-Year Graduation Rate
11.4:1
Student-teacher ratio
3
Public schools
1,265
Total enrollment

Frequently Asked Questions

What is the cost of living in Maynard, MA?

Maynard has a cost index of 148 (100 = national average). It is 48% above the national average.

What is average rent in Maynard, MA?

The median gross rent in Maynard is $1,678 per month based on 2023 Census data.

What is the average home price in Maynard?

The median home value in Maynard is $494,200 according to Zillow and Census data.

What is the median income in Maynard?

The median household income in Maynard is $119,549 per year (2023 ACS 5-year estimates).

What is the sales tax in Maynard, MA?

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

Is Maynard, MA affordable?

Maynard is above average in cost of living, with an index of 148 — about 48% higher than the national average.

Maynard at a Glance

Population
10,663
Median Income
$119,549
Home Value
$494,200
Median Rent
$1,678/mo
Unemployment
4.9%
Sales Tax
6.3%
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🗺️ County data for Massachusetts

Explore county-level cost of living data

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