Cost of Living in Somerville, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
221.0
100 = national avg
+121.0 vs national average
Living Wage (1 Adult)
$97,255
per year
Living Wage (Family of 4)
$229,875
per year
Cost Index by Category
Housing337.2
Food147.1
Transportation136.6
Healthcare137.7
Utilities175.7
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 Somerville is 221.0, which is 121.0% above the national average. Housing costs are above the national average at an index of 337.2. A single adult needs to earn approximately $97,255 per year to cover basic expenses.