Cost of Living in Norwell, MA

Population 11,309 · Massachusetts · Data vintage 2023

224
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Norwell run well above the national baseline, with a median of $800,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $182,637 place the city among the better-paid Massachusetts metros. The labor market has been unusually tight, with unemployment around 2.4% — below most comparable cities in the state.

Located 12 miles southeast of Quincy, Norwell falls within that metro's commuting orbit. Median home values run roughly 34% higher than Quincy's $598,000.

Cost Overview

Housing 262
Rent 166

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

About the Cost of Living in Norwell

The median home value in Norwell is $799,600 — 162% above the national median of $305,000. Median rent runs $2,181/month, 66% higher than the national median of $1,314/month. The median household income of $182,637/year is 145% higher than the US median of $74,580. The local unemployment rate is 2.4%, 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 58.4°F and lows of 41.0°F, with about 69.3" of annual snowfall. Overall, Norwell has a cost of living index of 224 versus the US average of 100, meaning it is 124% more expensive.

🏠 Housing

Median Home Value
$799,600
162% above avg
Median Rent
$2,181/mo
66% above avg
Price-to-Rent Ratio
30.6x
Favors renting
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,607
1 BR
$1,652
2 BR
$2,155
3 BR
$2,730
4 BR
$2,953
Owner-occupied 91.5%
Renter-occupied 8.5%

💰 Estimated Monthly Budget

Rent median rent
$2,181
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,795/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
36.2 min
34% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.6%

Commute Mode

Drove alone
65.0%
Carpooled
4.5%
Public transit
4.2%
Walked
2.0%
Work from home
23.6%

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
$182,637
145% above avg
Per Capita Income
$74,251
Unemployment Rate
2.4%
50% below avg
Poverty Rate
3.1%
Labor Force Participation
51.8%

🎓 Education

Bachelor's degree+ 39.1%
Graduate degree 26.1%

👥 Demographics

Median Age 39
Male median age 37.1
Female median age 40.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
58.4°F
Avg Low
41.0°F
Annual Precip
53.3"
Annual Snowfall
69.3"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353745576776828072615040
Low °F 192128374756636255443426
Precip" 4.463.975.434.613.804.573.423.854.225.294.325.33
Snow" 18.221.212.81.80.00.00.00.00.00.81.712.8

Frequently Asked Questions

What is the cost of living in Norwell, MA?

Norwell has a cost index of 224 (100 = national average). It is 124% above the national average.

What is average rent in Norwell, MA?

The median gross rent in Norwell is $2,181 per month based on 2023 Census data.

What is the average home price in Norwell?

The median home value in Norwell is $799,600 according to 2023 Census ACS data.

What is the median income in Norwell?

The median household income in Norwell is $182,637 per year (2023 ACS 5-year estimates).

What is the sales tax in Norwell, MA?

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

Is Norwell, MA affordable?

Norwell is above average in cost of living, with an index of 224 — about 124% higher than the national average.

What is the weather like in Norwell?

Norwell has average high temperatures of 58.4°F and average lows of 41.0°F. Annual precipitation is 53.3". Average annual snowfall is 69.3". Data from NOAA 1991–2020 Climate Normals.

Norwell at a Glance

Population
11,309
Median Income
$182,637
Home Value
$799,600
Median Rent
$2,181/mo
Unemployment
2.4%
Avg High Temp
58.4°F
Sales Tax
6.3%
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