What Is A Livable Salary In Boston?

Is 200k a good salary in Boston?

The “average” household in Boston makes less than half of what you and your wife make.

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..

Can you live in Boston on 50k?

At only 50k you could get an apartment by yourself but it would have to be outside Boston. You may be able to get that in Quincy, Braintree, Malden, Medford, revere, Chelsea. No student loans or any other debt? You’ll be more or less OK, though you most definitely won’t be living it up.

What is the poorest city in Massachusetts?

Springfield1. Springfield. Springfield, unfortunately, ranks as the poorest place in Massachusetts thanks to combination of low pay and and a lack of jobs. The city of 154,139 people averages the lowest median household income in Massachusetts and the 2nd highest poverty rate.

What are the bad parts of Boston?

The most dangerous areas in Boston is based on data from the local law enforcement agency and when not available, also includes estimates based on demographic data.Central. Population 33,579. … Roxbury. Population 63,672. … South End. Population 34,304. … Mattapan. … South Dorchester. … North Dorchester. … Back Bay-Beacon Hill. … South Boston.More items…

How much do you have to make to live comfortably in Boston?

The median income is the area is below $28,000, about half of what is needed to meet the “50/30/20” rule. In Boston, the median income is far below what is needed to easily buy or rent in the area.

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

Highest, lowest median incomes in Mass. 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.

Is it worth living in Boston?

Living in Boston is infamously expensive. Overall, the cost of living in Boston is 47% greater than the national average. … Only a few cities have Boston beat as far as expensive places to live, a couple of those include New York and San Francisco.

Is 100k a good salary in Boston?

If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. But if you live in Boston, it’s harder to make that money go as far as it does in other major U.S. cities. … Boston ranks in the bottom 15, according to the GOBankingRates.com report.

Where should I not live in Boston?

Where Are The Worst Neighborhoods To Live In Boston For 2020?RankNeighborhoodPopulation1Roxbury63,6722Mattapan39,0103North Dorchester27,7914East Boston43,43612 more rows

Is 120k a good salary in Boston?

Originally Answered: Is 120k a good salary in Boston? In Boston proper, you’ll be just getting by in terms of comfortably meeting needs based on a collection of average prices.

Is 70k a good salary in Boston?

70k is a very decent salary for a guy your age. It’ll be doable for sure. And depending on your field, Boston is filled with opportunity. As SpringMom pointed out, you should find something in your budget that is reasonable.

What is a good salary 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.

What salary do you need to live in Massachusetts?

On average, Massachusetts residents need to make $33.81 an hour to afford fair market rent, report says. The average Massachusetts resident would need to make $33.81 an hour to afford a two-bedroom rental residence at the fair market rent, according to a new study.

Are Bostonians rude?

People in Boston are upfront. This may seem rude at first but if someone is friendly or kind, you know that it’s genuine. Bostonians are usually egalitarian and not just economically, but socially too, which can be off-putting to a few, especially if they are not self-deprecating.

What is considered 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•Dec 12, 2020