Cost of Living in Wenham, MA

Population 4,930 · Massachusetts · Data vintage 2023

276
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Wenham's housing market reflects its status as a high-earning metro: $842,000 for a typical home, 176% above the US median, paired with household incomes around $187,652 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 2.0% — below most comparable cities in the state.

Geographically, Wenham sits roughly 10 miles northeast of Lynn. Median home values run roughly 78% higher than Lynn's $473,000.

Cost Overview

Housing 276

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

About the Cost of Living in Wenham

The median home value in Wenham is $841,800 — 176% above the national median of $305,000. The median household income of $187,652/year is 152% higher than the US median of $74,580. The local unemployment rate is 2.0%, 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 59.4°F and lows of 40.9°F. Overall, Wenham has a cost of living index of 276 versus the US average of 100, meaning it is 176% more expensive.

🏠 Housing

Median Home Value
$841,800
176% above avg
Property Tax Rate
1.2%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,346
1 BR
$1,498
2 BR
$1,963
3 BR
$2,365
4 BR
$2,603
Owner-occupied 85.6%
Renter-occupied 14.4%

🛒 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
28.4 min
5% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
25.7%

Commute Mode

Drove alone
53.1%
Carpooled
2.3%
Public transit
6.6%
Walked
12.1%
Work from home
25.7%

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
$187,652
152% above avg
Per Capita Income
$62,015
Unemployment Rate
2.0%
58% below avg
Poverty Rate
3.9%
Labor Force Participation
54.0%

🎓 Education

Bachelor's degree+ 39.4%
Graduate degree 30.5%

👥 Demographics

Median Age 29.6
Male median age 31.3
Female median age 23.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
59.4°F
Avg Low
40.9°F
Annual Precip
40.9"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 353845586977838274625140
Low °F 192128384857636254433425
Precip" 2.862.443.423.603.393.993.483.043.754.103.523.32

Frequently Asked Questions

What is the cost of living in Wenham, MA?

Wenham has a cost index of 276 (100 = national average). It is 176% above the national average.

What is the average home price in Wenham?

The median home value in Wenham is $841,800 according to 2023 Census ACS data.

What is the median income in Wenham?

The median household income in Wenham is $187,652 per year (2023 ACS 5-year estimates).

What is the sales tax in Wenham, MA?

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

Is Wenham, MA affordable?

Wenham is above average in cost of living, with an index of 276 — about 176% higher than the national average.

What is the weather like in Wenham?

Wenham has average high temperatures of 59.4°F and average lows of 40.9°F. Annual precipitation is 40.9". Data from NOAA 1991–2020 Climate Normals.

Wenham at a Glance

Population
4,930
Median Income
$187,652
Home Value
$841,800
Unemployment
2.0%
Avg High Temp
59.4°F
Sales Tax
6.3%
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