Maynard, MA

Very High · 141

Massachusetts · Population 10,663 · Updated March 2026

$1,678
Median Rent / Month
$119,549
Median Income
$494,200
Median Home Value
$2,211
Owner Costs / Month

Affordability

How far your income goes in Maynard

16.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Massachusetts

State-level tax rates that affect your costs

9.0%
Income Tax (Top Rate)
6.25%
Sales Tax
1.15%
Property Tax Rate

Estimated Annual Costs

$20,136
Annual Rent
$10,759
State Income Tax
$5,683
Property Tax (est.)

Cost of Living Overview

Maynard has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 141 (where 100 equals the national median), Maynard residents can expect to pay median rent of $1,678/month while earning a median household income of $119,549/year.

The median home value in Maynard, MA is $494,200, with typical monthly owner costs around $2,211 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Massachusetts's top income tax rate of 9.0% is among the highest in the nation, adding to the overall cost burden. Combined with a 6.25% sales tax rate and 1.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Maynard.

Frequently Asked Questions

Common questions about living costs in Maynard

What is the cost of living in Maynard, MA?
The cost of living index in Maynard, MA is 141 (US average = 100). Median monthly rent is $1,678, median household income is $119,549/year, and the median home value is $494,200.
Is Maynard, MA affordable?
No, Maynard is more expensive than the national average with a cost index of 141. The rent-to-income ratio is 16.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Maynard, MA?
The median gross rent in Maynard, MA is $1,678 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $20,136.
What is the median household income in Maynard?
The median household income in Maynard, MA is $119,549 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Massachusetts?
Massachusetts has a top income tax rate of 9.0%, a sales tax of 6.25%, and an effective property tax rate of 1.15%.