Cost of Living in Spencer, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.9
100 = national avg
+8.9 vs national average
Living Wage (1 Adult)
$47,902
per year
Living Wage (Family of 4)
$113,222
per year
Cost Index by Category
Housing134.6
Food95.6
Transportation91.1
Healthcare96.5
Utilities104.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,410
per month
2 Bedroom
$1,749
per month
The overall cost of living index in Spencer is 108.9, which is 8.9% above the national average. Housing costs are above the national average at an index of 134.6. A single adult needs to earn approximately $47,902 per year to cover basic expenses.