Cost of Living in Melrose, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
205.8
100 = national avg
+105.8 vs national average
Living Wage (1 Adult)
$90,559
per year
Living Wage (Family of 4)
$214,048
per year
Cost Index by Category
Housing291.2
Food147.0
Transportation149.2
Healthcare137.6
Utilities166.4
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 Melrose is 205.8, which is 105.8% above the national average. Housing costs are above the national average at an index of 291.2. A single adult needs to earn approximately $90,559 per year to cover basic expenses.