Cost of Living in Ipswich, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
163.9
100 = national avg
+63.9 vs national average
Living Wage (1 Adult)
$72,099
per year
Living Wage (Family of 4)
$170,416
per year
Cost Index by Category
Housing221.9
Food121.1
Transportation142.1
Healthcare116.8
Utilities137.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Ipswich is 163.9, which is 63.9% above the national average. Housing costs are above the national average at an index of 221.9. A single adult needs to earn approximately $72,099 per year to cover basic expenses.