Housing costs in Boston?
A typical home costs
$690,700, which is 104.3% more expensive than the national average of
$338,100 and 23.9% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Boston costs
$3,870 per month, which is 80.8% more than the national average of
$2,140 and 37.5% more than the state average of
$2,420.
Can I afford Boston?
To live comfortably in Boston (zip 02203), Massachusetts, a minimum annual income of
$132,480 for a family, and
$129,200 for a single person is recommended.
What does A.I. say about Boston?
The cost of living in 02203 Boston, MA is significantly higher than the national average. According to BestPlaces's Cost of Living Index, the cost of living in 02203 Boston, MA ranks in the 82th percentile compared to other cities around the country. This means that prices for groceries, housing, transportation and healthcare are all much higher in this area than most other places. Additionally, rent prices are also considerably high due to its desirability as a city for many people. Despite being more expensive than many locations across the U.S., it is still considered to be an affordable place to live when compared to other major cities around the world.