Cost of Living in Wilmington, MA

Population 23,195 · Massachusetts · Data vintage 2023

201
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Wilmington run well above the national baseline, with a median of $646,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $161,473 place the city among the better-paid Massachusetts metros.

Geographically, Wilmington sits roughly 9 miles southeast of Lowell. Median home values run roughly 64% higher than Lowell's $395,000.

Cost Overview

Housing 212
Rent 184

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

About the Cost of Living in Wilmington

The median home value in Wilmington is $646,200 — 112% above the national median of $305,000. Median rent runs $2,412/month, 84% higher than the national median of $1,314/month. The median household income of $161,473/year is 117% higher than the US median of $74,580. The local unemployment rate is 5.0%, 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, Wilmington has a cost of living index of 201 versus the US average of 100, meaning it is 101% more expensive.

🏠 Housing

Median Home Value
$646,200
112% above avg
Zillow Home Value
$758,886
Zillow ZHVI
Median Rent
$2,412/mo
84% above avg
Price-to-Rent Ratio
22.3x
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 86.9%
Renter-occupied 13.1%

💰 Estimated Monthly Budget

Rent median rent
$2,412
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,026/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
32.0 min
19% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.9%

Commute Mode

Drove alone
71.2%
Carpooled
4.2%
Public transit
3.7%
Walked
0.8%
Bicycle
0.1%
Work from home
17.9%

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
$161,473
117% above avg
Per Capita Income
$60,558
Unemployment Rate
5.0%
5% above avg
Poverty Rate
3.0%
Labor Force Participation
73.2%

🎓 Education

Bachelor's degree+ 30.8%
Graduate degree 18.4%

👥 Demographics

Median Age 42.1
Male median age 40.4
Female median age 44

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good
77%
Good air days/yr
101
Max AQI recorded
165
PM2.5 days
193
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
11.6:1
Student-teacher ratio
8
Public schools
3,166
Total enrollment

Frequently Asked Questions

What is the cost of living in Wilmington, MA?

Wilmington has a cost index of 201 (100 = national average). It is 101% above the national average.

What is average rent in Wilmington, MA?

The median gross rent in Wilmington is $2,412 per month based on 2023 Census data.

What is the average home price in Wilmington?

The median home value in Wilmington is $646,200 according to Zillow and Census data.

What is the median income in Wilmington?

The median household income in Wilmington is $161,473 per year (2023 ACS 5-year estimates).

What is the sales tax in Wilmington, MA?

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

Is Wilmington, MA affordable?

Wilmington is above average in cost of living, with an index of 201 — about 101% higher than the national average.

Wilmington at a Glance

Population
23,195
Median Income
$161,473
Home Value
$646,200
Median Rent
$2,412/mo
Unemployment
5.0%
Sales Tax
6.3%
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🗺️ County data for Massachusetts

Explore county-level cost of living data

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