Cost of Living in Stoneham, MA
Population 22,986 · Massachusetts · Data vintage 2023
(100 = US avg)
Home prices in Stoneham run well above the national baseline, with a median of $629,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $112,635 place the city among the better-paid Massachusetts metros.
Located 7 miles north of Cambridge, Stoneham falls within that metro's commuting orbit. Median home values run roughly 40% lower than Cambridge's $1 million.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Stoneham
The median home value in Stoneham is $629,000 — 106% above the national median of $305,000. Median rent runs $1,878/month, 43% higher than the national median of $1,314/month. The median household income of $112,635/year is 51% higher than the US median of $74,580. The local unemployment rate is 3.1%, 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, Stoneham has a cost of living index of 181 versus the US average of 100, meaning it is 81% 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
💨 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 Stoneham, MA?
Stoneham has a cost index of 181 (100 = national average). It is 81% above the national average.
What is average rent in Stoneham, MA?
The median gross rent in Stoneham is $1,878 per month based on 2023 Census data.
What is the average home price in Stoneham?
The median home value in Stoneham is $629,000 according to Zillow and Census data.
What is the median income in Stoneham?
The median household income in Stoneham is $112,635 per year (2023 ACS 5-year estimates).
What is the sales tax in Stoneham, MA?
The combined state and local sales tax rate in Stoneham is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Stoneham, MA affordable?
Stoneham is above average in cost of living, with an index of 181 — about 81% higher than the national average.
Stoneham at a Glance
- Population
- 22,986
- Median Income
- $112,635
- Home Value
- $629,000
- Median Rent
- $1,878/mo
- Unemployment
- 3.1%
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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