Overall
New York feels cheaper overall
New York has the lower cost-of-living index, beating Massachusetts by 16.1 points on the overall affordability baseline.
View detailed comparison
Cost of Living Comparison
Quality of Life
Massachusetts vs New York: Cost of Living
New York is cheaper overall by 16.1 cost-of-living points, but New York has lower median home values.
Massachusetts
MA • Northeast
148.8
Composite cost of living index (100 = national average). Lower = more affordable.
New York
NY • Northeast
132.7
Composite cost of living index (100 = national average). Lower = more affordable.
Visual Comparison
Massachusetts
148.8
New York
132.7
Difference: 16.1 points — New York leads.
Overview
A fast-reading view of the tradeoffs behind the raw cost numbers.
Living Costs
Housing
pay about 1.4x more for a home
New York has the lower median home value, while buying in Massachusetts costs materially more at the median.
View detailed comparisonRent Pressure
Massachusetts puts less pressure on a median paycheck
Median rent takes a smaller share of household income in Massachusetts than in New York, which makes monthly budgeting easier.
View detailed comparisonTaxes
Massachusetts keeps more income after state tax
Massachusetts has the lower top state income tax rate, which softens the total cost picture even when prices are close.
View detailed comparisonCost Stack
Massachusetts
Overall Affordability
Cost of living index
148.8
Regional price parity
110.4
Regular gas price
$3.933/gal
Electricity price
31.16 c/kWh
Housing
Median gross rent
$1,678/mo
Median home value
$510,400
Owner costs with mortgage
-
Owner costs without mortgage
-
Taxes
State income tax
5.00%
State sales tax
6.25%
Property tax
1.07%
Income
Median household income
$96,505
Income after median rent
$6,364
Minimum wage
$15.00/hr
Laws
Gun laws
Restrictive
Alcohol system
License State
Marijuana status
Legal
New York
Overall Affordability
Cost of living index
132.7
Regional price parity
114.8
Regular gas price
$4.069/gal
Electricity price
28.37 c/kWh
Housing
Median gross rent
$1,578/mo
Median home value
$367,200
Owner costs with mortgage
-
Owner costs without mortgage
-
Taxes
State income tax
10.90%
State sales tax
4.00%
Property tax
1.55%
Income
Median household income
$78,609
Income after median rent
$4,973
Minimum wage
$17.00/hr
Laws
Gun laws
Restrictive
Alcohol system
License State
Marijuana status
Legal
What Stands Out
- New York has lower median home values.
- New York has the lower overall cost index.
- Massachusetts has the higher median household income.
- New York looks more attainable on home value to income ratio.
Affordability Ratios
Related Pages
What This Means
Massachusetts vs New York: Cost of Living in context
New York has a cost of living of 132.7, compared with 148.8 in Massachusetts. Composite cost of living index (100 = national average). Lower = more affordable.
Massachusetts
148.8
New York
132.7
Difference
16.1 points
People Also Ask
Massachusetts vs New York Cost of Living — Common Questions
Q What is Massachusetts's cost of living?
Massachusetts's cost of living is 148.8.
Q What is New York's cost of living?
New York's cost of living is 132.7.
Q Which state has a lower cost of living — Massachusetts or New York?
New York is cheaper overall by 16.1 cost-of-living points, but New York has lower median home values.
More Comparisons: Massachusetts vs New York
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Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset, with minimum wage data from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.