Housing costs in Boston?
A typical home costs
$585,300, which is 73.1% more expensive than the national average of
$338,100 and 5.0% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Boston costs
$2,390 per month, which is 11.7% more than the national average of
$2,140 and close to the state average of
$2,420.
Can I afford Boston?
To live comfortably in Boston (zip 02124), Massachusetts, a minimum annual income of
$112,320 for a family, and
$79,600 for a single person is recommended.
What does A.I. say about Boston?
Boston, MA 02124 has a high cost of living. The median home value is above the national average, with prices ranging from around $400,000 to over $2 million. Rent in the area is also more expensive than the national median, with an average of about $1,500 for one bedroom apartments. Additionally, groceries are higher than other parts of the country and transportation costs can add up quickly. Nonetheless, Boston offers many cultural opportunities and amenities that make it an attractive place to live despite its high cost of living.