Cost of Living in Nahant, MA
Population 3,328 · Massachusetts · Data vintage 2023
(100 = US avg)
Home prices in Nahant run well above the national baseline, with a median of $686,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $111,004 place the city among the better-paid Massachusetts metros.
Geographically, Nahant is part of the immediate Lynn metro area. Median home values run roughly 45% higher than Lynn's $473,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Nahant
The median home value in Nahant is $686,000 — 125% above the national median of $305,000. Median rent runs $1,790/month, 36% higher than the national median of $1,314/month. The median household income of $111,004/year is 49% higher than the US median of $74,580. The local unemployment rate is 5.1%, 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, Nahant has a cost of living index of 189 versus the US average of 100, meaning it is 89% more expensive.
Nahant has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Nahant, MA?
Nahant has a cost index of 189 (100 = national average). It is 89% above the national average.
What is average rent in Nahant, MA?
The median gross rent in Nahant is $1,790 per month based on 2023 Census data.
What is the average home price in Nahant?
The median home value in Nahant is $686,000 according to Zillow and Census data.
What is the median income in Nahant?
The median household income in Nahant is $111,004 per year (2023 ACS 5-year estimates).
What is the sales tax in Nahant, MA?
The combined state and local sales tax rate in Nahant is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Nahant, MA affordable?
Nahant is above average in cost of living, with an index of 189 — about 89% higher than the national average.
Nahant at a Glance
- Population
- 3,328
- Median Income
- $111,004
- Home Value
- $686,000
- Median Rent
- $1,790/mo
- Unemployment
- 5.1%
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
Similar Cost Cities
Cities in other states with comparable housing costs