Cost of Living in Vineyard Haven, MA

With a cost of living index of 146, Vineyard Haven, MA is one of the most expensive cities in the United States. Living here is 46% more expensive than the national average and 17% above the Massachusetts state average of 129. Vineyard Haven is a small community of 2,672 residents.

Housing costs are the biggest factor in Vineyard Haven's cost of living. The median monthly rent is $1,379 (5% above the US median of $1,319), and the median home value sits at $815,000 (167% above the national median of $304,900). At current prices, the median home costs roughly 11x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Vineyard Haven is $73,917, which is 2% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Vineyard Haven. The area sees an average annual temperature of 50.2°F, with summers averaging 68°F and winters around 33°F. Annual rainfall totals 42.1 inches spread over roughly 137 days.

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.