Housing costs in Boston?
A typical home costs
$3,725,200, which is 1,001.8% more expensive than the national average of
$338,100 and 568.4% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Boston costs
$3,960 per month, which is 85.0% more than the national average of
$2,140 and 38.9% more than the state average of
$2,420.
Can I afford Boston?
To live comfortably in Boston (zip 02199), Massachusetts, a minimum annual income of
$713,880 for a family, and
$132,000 for a single person is recommended.
What does A.I. say about Boston?
The cost of living in 02199 Boston, MA is quite high. The median home price is over $600,000 and the average rental price for a one bedroom apartment is around $2,500 per month. The cost of basic necessities such as food and utilities are also high, with an estimated monthly grocery bill of around $400 and an average electricity bill ranging from $50 to $150 depending on usage. Although the cost of living can be prohibitive for some, it also brings with it numerous benefits such as access to quality health care and education services, as well as a vibrant cultural scene.