Cost of Living in Swampscott, MA

Population 15,209 · Massachusetts · Data vintage 2023

204
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Swampscott run well above the national baseline, with a median of $691,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $128,964 place the city among the better-paid Massachusetts metros.

Located <5 miles east of Lynn, Swampscott falls within that metro's commuting orbit. Median home values run roughly 46% higher than Lynn's $473,000.

Cost Overview

Housing 226
Rent 169

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

About the Cost of Living in Swampscott

The median home value in Swampscott is $690,800 — 126% above the national median of $305,000. Median rent runs $2,223/month, 69% higher than the national median of $1,314/month. The median household income of $128,964/year is 73% higher than the US median of $74,580. The local unemployment rate is 5.4%, 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, Swampscott has a cost of living index of 204 versus the US average of 100, meaning it is 104% more expensive.

🏠 Housing

Median Home Value
$690,800
126% above avg
Zillow Home Value
$799,941
Zillow ZHVI
Median Rent
$2,223/mo
69% above avg
Price-to-Rent Ratio
25.9x
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 74.1%
Renter-occupied 25.9%

💰 Estimated Monthly Budget

Rent median rent
$2,223
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,837/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
39.4 min
46% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.0%

Commute Mode

Drove alone
57.0%
Carpooled
5.3%
Public transit
12.4%
Walked
1.4%
Bicycle
0.1%
Work from home
23.0%

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
$128,964
73% above avg
Per Capita Income
$76,101
Unemployment Rate
5.4%
13% above avg
Poverty Rate
7.0%
Labor Force Participation
68.6%

🎓 Education

Bachelor's degree+ 30.3%
Graduate degree 31.5%

👥 Demographics

Median Age 45.3
Male median age 43.8
Female median age 45.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
66.6%
Good air days/yr
105
Max AQI recorded
204
PM2.5 days
160
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
12.1:1
Student-teacher ratio
5
Public schools
2,218
Total enrollment

Frequently Asked Questions

What is the cost of living in Swampscott, MA?

Swampscott has a cost index of 204 (100 = national average). It is 104% above the national average.

What is average rent in Swampscott, MA?

The median gross rent in Swampscott is $2,223 per month based on 2023 Census data.

What is the average home price in Swampscott?

The median home value in Swampscott is $690,800 according to Zillow and Census data.

What is the median income in Swampscott?

The median household income in Swampscott is $128,964 per year (2023 ACS 5-year estimates).

What is the sales tax in Swampscott, MA?

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

Is Swampscott, MA affordable?

Swampscott is above average in cost of living, with an index of 204 — about 104% higher than the national average.

Swampscott at a Glance

Population
15,209
Median Income
$128,964
Home Value
$690,800
Median Rent
$2,223/mo
Unemployment
5.4%
Sales Tax
6.3%
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🗺️ County data for Massachusetts

Explore county-level cost of living data

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