Cost of Living in Nantucket, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
239.7
100 = national avg
+139.7 vs national average
Living Wage (1 Adult)
$105,483
per year
Living Wage (Family of 4)
$249,323
per year
Cost Index by Category
Housing395.7
Food134.1
Transportation168.1
Healthcare127.3
Utilities179.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,425
per month
2 Bedroom
$3,138
per month
The overall cost of living index in Nantucket is 239.7, which is 139.7% above the national average. Housing costs are above the national average at an index of 395.7. A single adult needs to earn approximately $105,483 per year to cover basic expenses.