Cost of Living in Needham, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
283.5
100 = national avg
+183.5 vs national average
Living Wage (1 Adult)
$124,722
per year
Living Wage (Family of 4)
$294,797
per year
Cost Index by Category
Housing394.6
Food200.0
Transportation184.6
Healthcare189.8
Utilities200.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,761
per month
2 Bedroom
$2,311
per month
The overall cost of living index in Needham is 283.5, which is 183.5% above the national average. Housing costs are above the national average at an index of 394.6. A single adult needs to earn approximately $124,722 per year to cover basic expenses.