Cost of Living in Waltham, MA
Population 64,723 · Massachusetts · Data vintage 2023
(100 = US avg)
Waltham's housing market reflects its status as a high-earning metro: $706,000 for a typical home, 131% above the US median, paired with household incomes around $116,560 that put it in the upper third of the state.
Located 6 miles west of Cambridge, Waltham falls within that metro's commuting orbit. Median home values run roughly 32% lower than Cambridge's $1 million.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Waltham
The median home value in Waltham is $705,700 — 131% above the national median of $305,000. Median rent runs $2,232/month, 70% higher than the national median of $1,314/month. The median household income of $116,560/year is 56% higher than the US median of $74,580. The local unemployment rate is 3.5%, 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, Waltham has a cost of living index of 207 versus the US average of 100, meaning it is 107% 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 Waltham, MA?
Waltham has a cost index of 207 (100 = national average). It is 107% above the national average.
What is average rent in Waltham, MA?
The median gross rent in Waltham is $2,232 per month based on 2023 Census data.
What is the average home price in Waltham?
The median home value in Waltham is $705,700 according to Zillow and Census data.
What is the median income in Waltham?
The median household income in Waltham is $116,560 per year (2023 ACS 5-year estimates).
What is the sales tax in Waltham, MA?
The combined state and local sales tax rate in Waltham is 6.3%. The Massachusetts state income tax top rate is 9.0%.
Is Waltham, MA affordable?
Waltham is above average in cost of living, with an index of 207 — about 107% higher than the national average.
Waltham at a Glance
- Population
- 64,723
- Median Income
- $116,560
- Home Value
- $705,700
- Median Rent
- $2,232/mo
- Unemployment
- 3.5%
- Sales Tax
- 6.3%
Nearby Cities
Explore county-level cost of living data
Massachusetts Rankings
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