Boston, Massachusetts 

122 Reviews | Review This Place | Photos and Maps

Subscription Benefits

Download our City ReportsDownload our City Reports

Economy in Boston, Massachusetts

Boston, MA is an expensive city to live in, but it has many advantages. It is home to a number of large companies, including Amazon, General Electric, Liberty Mutual Insurance Group, and State Street Corporation. These companies provide plenty of job opportunities for the locals and also attract visitors from around the world. The average two-bedroom rent in Boston is $2,840 compared to $1,430 in the US overall. Additionally, grocery costs are higher with a grocery index of 111 versus 100 in the US. All these factors make living in Boston an expensive proposition, but its many benefits can outweigh this fact for some people.

Boston has an unemployment rate of 6.2%. The US average is 6.0%.

Boston has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.

Tax Rates for Boston
- The Sales Tax Rate for Boston is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Boston is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Boston
- The average income of a Boston resident is $34,770 a year. The US average is $28,555 a year.
- The Median household income of a Boston resident is $81,744 a year. The US average is $69,021 a year.


  ECONOMYBoston, MassachusettsUnited States
  • Unemployment Rate (US Avg: 6%)
Select Map Options
  • Unemployment Rate
  • Median HH Income
  • Recent Job Growth
  • Income < $15k
  • Income > $200k
  • Reset Map

  • View More Data >

    Reviews for Boston    122 Reviews
    Boston is great! - 4/2/2023
    health care in the country, plenty of jobs, gorgeous architecture, cool neighborhoods, lots of great restaurants, and always something to do. The beautiful coast, the... Read More

    Start Your Review of Boston

    Many pros, but all are outweighed by the cons - 1/31/2022
    I've lived in/near Boston my whole life almost. It has many pros such as a big city feel, extremely safe, reliable train transportation, great food. However any pro... Read More

    Do you want to feel poor?! Come on down! - 10/4/2021
    I moved to MA from the country of Georgia in eastern Europe. Then traveled quite a bit in the U.S. Boston definitely has its own flavor. Suburbs offer okay schools,... Read More

    View More Data >

    Compare Boston, Massachusetts to any other place in the USA.

    Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Boston,Massachusetts Map
    02124, 02128, 02135, 02130, 02127, 02125, 02136, 02131, 02115, 02126, ... 30 more


    Members receive 10 FREE city profile downloads a month, unlimited access to our detailed cost of living calculator and analysis, downloadable reports, and more.

    Try Now
    Join BestPlaces