Cost of Living in Winchester, MA

Population 22,862 · Massachusetts · Data vintage 2023

302
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Winchester run well above the national baseline, with a median of $1.2 million, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $218,176 place the city among the better-paid Massachusetts metros.

Winchester sits roughly 5 miles north of Cambridge — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 14% higher than Cambridge's $1 million.

Cost Overview

Housing 387
Rent 173

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

About the Cost of Living in Winchester

The median home value in Winchester is $1,181,700 — 287% above the national median of $305,000. Median rent runs $2,271/month, 73% higher than the national median of $1,314/month. The median household income of $218,176/year is 193% higher than the US median of $74,580. The local unemployment rate is 3.0%, 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%. Overall, Winchester has a cost of living index of 302 versus the US average of 100, meaning it is 202% more expensive.

🏠 Housing

Median Home Value
$1,181,700
287% above avg
Zillow Home Value
$1,511,873
Zillow ZHVI
Median Rent
$2,271/mo
73% above avg
Zillow Rent
$3,003/mo
Zillow ZORI
Price-to-Rent Ratio
43.4x
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 83.4%
Renter-occupied 16.6%

💰 Estimated Monthly Budget

Rent median rent
$2,271
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,885/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
33.6 min
24% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
31.6%

Commute Mode

Drove alone
52.3%
Carpooled
4.4%
Public transit
7.1%
Walked
2.6%
Bicycle
1.0%
Work from home
31.6%

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
$218,176
193% above avg
Per Capita Income
$104,586
Unemployment Rate
3.0%
37% below avg
Poverty Rate
3.9%
Labor Force Participation
67.6%

🎓 Education

Bachelor's degree+ 27.6%
Graduate degree 50.8%

👥 Demographics

Median Age 43
Male median age 41.8
Female median age 44.1

💨 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

97%
4-Year Graduation Rate
13.1:1
Student-teacher ratio
7
Public schools
4,678
Total enrollment

Frequently Asked Questions

What is the cost of living in Winchester, MA?

Winchester has a cost index of 302 (100 = national average). It is 202% above the national average.

What is average rent in Winchester, MA?

The median gross rent in Winchester is $2,271 per month based on 2023 Census data.

What is the average home price in Winchester?

The median home value in Winchester is $1,181,700 according to Zillow and Census data.

What is the median income in Winchester?

The median household income in Winchester is $218,176 per year (2023 ACS 5-year estimates).

What is the sales tax in Winchester, MA?

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

Is Winchester, MA affordable?

Winchester is above average in cost of living, with an index of 302 — about 202% higher than the national average.

Winchester at a Glance

Population
22,862
Median Income
$218,176
Home Value
$1,181,700
Median Rent
$2,271/mo
Unemployment
3.0%
Sales Tax
6.3%
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🗺️ County data for Massachusetts

Explore county-level cost of living data

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