Cost of Living in Monument Beach, MA

With a cost of living index of 134, Monument Beach, MA is a notably expensive place to live. Living here is 34% more expensive than the national average and 5% above the Massachusetts state average of 129. Monument Beach is a small community of 3,067 residents.

Housing costs are the biggest factor in Monument Beach's cost of living. The median monthly rent is $1,723 (31% above the US median of $1,319), and the median home value sits at $540,600 (77% above the national median of $304,900). At current prices, the median home costs roughly 6.2x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Monument Beach is $86,953, which is 16% higher 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. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Monument Beach. The area sees an average annual temperature of 50°F, with summers averaging 69°F and winters around 31°F. Annual rainfall totals 48 inches spread over roughly 151 days.

Everyday prices in the Barnstable Town, MA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 5 are priced lower 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.