Quick Answer: What Is A Livable Salary In Boston?

How much do you need to make to live comfortably in Massachusetts?

Typical Expenses1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenRequired annual income after taxes$28,212$55,398Annual taxes$3,936$7,728Required annual income before taxes$32,147$63,1276 more rows.

Is 60k a good salary in Boston?

Easy. You won’t be living in luxury or saving much, but you can easily live in Boston on 60k. 60k a year pre tax is approximately 45k after tax. Rent here is high… but if you live with roommates you can live just about anywhere.

Why is rent so high in Boston?

There are myriad reasons for why Boston rents are so comparatively high. That low supply relative to demand is probably the most significant one (and there are a few reasons for that). Zoning regs in the city and its neighbors is another. The proportion of people in the city who can afford such rents is a reason too.

Is 200k a good salary in Boston?

I’d say 200K is well-above middle class. According to a study, Boston area earnings are higher than the national average by about a third. However, the average earning is still under $70K a year. So you would be three times the average.

What is a livable wage in Boston?

Living Wage Calculation for Boston-Cambridge-Newton, MA1 ADULT2 ADULTS (BOTH WORKING)0 Children0 ChildrenLiving Wage$16.74$11.55Poverty Wage$6.00$4.06Minimum Wage$12.00$12.00

Can I afford to live in Boston?

This guideline says that the household income must be at least 40 times the monthly rent. For example: two bedroom median rent across Boston is currently $2,600. A Boston household will need to make at least $104,000 combined for an apartment at that price.

Can you live in Boston on 50k?

A person isn’t going to live in Boston for 50k unless, It’s on the very far end of the “boston” range, in a bad area, with roommates, or in a tiny 300 sq place.

What salary do you need to live comfortably in Boston?

Turns out the magic number for Boston is a household income of $120,900. That makes Boston one of the pricier big American cities in which to live comfortably (see chart below). From the study: “A Boston apartment with a couple of bedrooms will cost you $2,821 per month, on average.

Where should I not live in Boston?

Here are the 5 worst neighborhoods in Boston according to data:Roxbury.Mattapan.North Dorchester.East Boston.Hyde Park.

Is 70k a good salary in Boston?

If you prefer the finer things in life, and are socially active then 70k might cause you to make a few compromises. But, that being said, you can certainty live a happy life and enjoy all Boston has to offer for that salary. I’d say it’s just enough for 1 person in Boston.

What is middle class income in Massachusetts?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleMassachusetts$28,129 – $84,386$39,780 – $119,340Michigan$24,345 – $73,035$34,429 – $103,288Minnesota$25,441 – $76,323$35,979 – $107,937Mississippi$22,545 – $67,634$31,883 – $95,64948 more rows•Jul 15, 2020

What is a good salary for a single person in Massachusetts?

If your a single person you could probably live decently in Mass. for $50,000-$60,000 if you have a wife & 2 kids $50,000-$60,000 is not going to cut it.