Holyoke, MA

Living costs in Holyoke land close to the national average, with a Cost Index of 103 (where 100 = the US baseline). Housing is the largest variable: the median home value here is $317,585, and typical monthly rents run around $1,016. Groceries and utilities are in line with what you would find in most US cities.

Start with housing. Typical monthly rent is $1,016, while local median household income is $51,892. That implies a rent-burden proxy of about 23% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Massachusetts has a progressive state income tax with a top rate of 9%. The effective property tax rate is 1.15%. On a home worth $317,585, that translates to roughly $3,652 per year in property taxes. Sales tax (state + local) averages around 6.25% on everyday purchases.

The typical monthly rent in Holyoke is around $1,016. That's roughly 25% lower than the $1,348 national median. For comparison, the median home value here is $317,585, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Holyoke is valued at $317,585. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $1,606/month for principal and interest alone — before property taxes and insurance. About 42% of residents here own their homes.

Grocery prices in Holyoke are about average compared to the rest of the US (index: 97, where 100 is the national average). Utility bills (electricity, gas, water) are on the high side (index: 155). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Holyoke is a smaller city with a population of about 37,949. The median age of residents is 39.1, which is close to the national median. The local poverty rate is 23.72%, above the national average of 12.4%.