Cost of Living in Millers Falls, MA

With a cost of living index of 95, Millers Falls, MA is slightly more affordable than average. Living here is 5% cheaper than the national average and 35% below the Massachusetts state average of 129. Millers Falls is a small community of 1,081 residents.

Housing costs are the biggest factor in Millers Falls's cost of living. The median monthly rent is $1,291 (2% below the US median of $1,319), and the median home value sits at $222,600 (27% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Millers Falls is $63,646, which is 15% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Millers Falls. The area sees an average annual temperature of 48.3°F, with summers averaging 70°F and winters around 26°F. Annual rainfall totals 42.2 inches spread over roughly 146 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.