Housing costs in Boston?
A typical home costs
$941,500, which is 178.5% more expensive than the national average of
$338,100 and 68.9% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Boston costs
$2,930 per month, which is 36.9% more than the national average of
$2,140 and 17.4% more than the state average of
$2,420.
Can I afford Boston?
To live comfortably in Boston (zip 02118), Massachusetts, a minimum annual income of
$180,360 for a family, and
$98,000 for a single person is recommended.
What does A.I. say about Boston?
Boston, MA 02118 is an expensive city to live in. The cost of living is considerably higher than the national median and is driven up by the high cost of housing. The median home price in this zip code is just over $500,000, which is significantly higher than the U.S. median of approximately $200,000. Additionally, grocery prices are more expensive due to the abundance of independent local sellers and high taxes on goods purchased within the city. Utility costs are also higher due to Boston’s cold winters and summers that often require air conditioning for comfort.