According to a recent study by SmartAsset, Middlesex County has the fourth strongest purchasing power in Massachusetts. The study examined the cost of living expenses balanced with average income.
Worcester County is the top in the state for getting the most for the money, with a purchasing power index of 78.19. Middlesex County’s index is 77.8, with a cost of living amount at $52,135 and a median income of $83,488.
The goal of the study was to find the “places where average living expenses are most affordable to the people who live there. To find these counties [they] looked at the cost of living relative to income to determine the purchasing power.”
Two different costs of living numbers were calculated for a household with one adult and no dependents. One reflected the baseline cost of living in each area while the other was based on typical expenditures for someone making the county’s median income.
Here’s how the counties ranked in terms of purchasing power:
- Worcester County
- Norfolk County
- Nantucket County
- Middlesex County
- Plymouth County
- Dukes County
- Hampshire County
- Essex County
- Barnstable County
- Berkshire County