Cost of Living in Everett, MA

With a cost of living index of 149, Everett, MA is one of the most expensive cities in the United States. Living here is 49% more expensive than the national average and 19% above the Massachusetts state average of 129. With a population of 49,236, Everett is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Everett's cost of living. The median monthly rent is $1,988 (51% above the US median of $1,319), and the median home value sits at $605,200 (98% above the national median of $304,900). At current prices, the median home costs roughly 7.6x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Everett is $79,658, which is 6% higher than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Everett. The area sees an average annual temperature of 51.9°F, with summers averaging 72°F and winters around 32°F. Annual rainfall totals 43.6 inches spread over roughly 128 days.

Everyday prices in the Boston-Cambridge-Newton, MA-NH (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.