Cost of Living in New Bedford, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.1
100 = national avg
+10.1 vs national average
Living Wage (1 Adult)
$48,429
per year
Living Wage (Family of 4)
$114,470
per year
Cost Index by Category
Housing144.5
Food92.8
Transportation85.6
Healthcare94.3
Utilities104.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,230
per month
2 Bedroom
$1,527
per month
The overall cost of living index in New Bedford is 110.1, which is 10.1% above the national average. Housing costs are above the national average at an index of 144.5. A single adult needs to earn approximately $48,429 per year to cover basic expenses.