Cost of Living in Somerset, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
159.0
100 = national avg
+59.0 vs national average
Living Wage (1 Adult)
$69,978
per year
Living Wage (Family of 4)
$165,402
per year
Cost Index by Category
Housing174.4
Food135.4
Transportation170.8
Healthcare128.3
Utilities136.1
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 Somerset is 159.0, which is 59.0% above the national average. Housing costs are above the national average at an index of 174.4. A single adult needs to earn approximately $69,978 per year to cover basic expenses.