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What is a livable wage in Boston?
Living Wage Calculation for Boston-Cambridge-Newton, MA
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $19.17 | $33.19 |
| Poverty Wage | $6.13 | $7.38 |
| Minimum Wage | $12.75 | $12.75 |
What salary do you need to live comfortably in Boston?
If you’re moving to Boston, you should have a household income of $120,900. Of course, this figure can scale up or down depending on the number of bedrooms you need. Once again, the $120,900 income figure is based on a 2-bedroom apartment with a monthly rent of $2,900 per month.
What is a good salary in Boston?
A person working in Boston typically earns around 103,000 USD per year. Salaries range from 26,100 USD (lowest average) to 461,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.
Can you live on 50K a year in Boston?
If you stick to your plan of getting a roommate and living in a nearby suburb (with decent public transportation; not all off Boston’s suburbs are convenient for commuters), don’t eat out every night, and stick to a budget, you should be fine at $50K.
Is 60k a good salary in Boston?
Yes. Easy. You won’t be living in luxury or saving much, but you can easily live in Boston on 60k.
Is $70000 a good salary in Boston?
Is 70,000 USD a good salary in Boston, Massachusetts? – Quora. Yes. My youngest son (graduated college in 2014) works in the finance district of Boston. He makes about $65,000 per year (roughly).
What is considered middle class in Boston?
Boston’s middle class is broadly defined as households with annual incomes between $50,000 and $125,000. The starting point for this range was set at $50,000, which reflects the fact that Boston’s actual median household income in 2012 was $53,136.
Is 55000 a good salary in Boston?
If you’re making around $55,000 or more, you should be able to afford a studio pretty close to the city. If you’re making more than $65,000, you’ll be doing pretty well indeed, and can probably afford a one-bedroom in a decent neighborhood.
How much money do you need to live in Boston?
But back to the Boston, Quincy, Cambridge metro area: The group estimates a family of two adults and two children in the Boston,Quincy,Cambridge metro area would need to earn a combined $113,558 per year — or $9,463 a month — to “attain a modest yet adequate standard of living,” the organization said. Here’s how the group breaks down that number:
What’s the minimum salary to have an apartment in Boston?
It’s not by choice, of course—roommates are practically a financial necessity in Boston. Unless you earn $78,477 per year, that is. According to a new study from apartment search engine Nestpick, that’s the minimum annual salary needed to have your own apartment in Boston.
What’s the average salary in Boston, MA?
Salaries in Boston range from 12,900 USD per year (minimum salary) to 423,000 USD per year (maximum average salary, actual maximum is higher). The median salary is 95,500 USD per year, which means that half (50%) of the population are earning less than 95,500 USD while the other half are earning more than 95,500 USD.
Where is the priciest place to live in Boston MA?
BOSTON, MA — It’s official. The Boston Metro area, including Cambridge and Quincy, is one of the priciest places to live in Massachusetts and, actually, was on the high end in the country, according to the Economic Policy Institute.