Yes,
it is expensive to live in Boston
, but it is also well worth it. … Some people are surprised to learn that it is nearly as expensive to live in Boston as it is to live in New York City. In fact, the cost of living in Boston is approximately 48-percent higher when compared to the national average.
Is Boston worth the cost of living?
Living in the Hub is not cheap—Boston is among the most expensive cities in the US. … Payscale.com pegs Boston’s cost of
living as 48% higher than the national average
. Luckily, jobs in Boston pay well, with an average salary that is comparable to those in New York City.
How much does it cost to live in Boston?
| COST OF LIVING Boston Massachusetts | Health 83.4 83.7 | Housing 260.6 176.4 | Median Home Cost $667,000 $510,500 | Utilities 116.8 112.9 |
|---|
Why is Boston so expensive to live?
in Boston, said Boston is so expensive
because the demand for housing is much greater than the supply
. The high demand is the result of all of the universities, hospitals and industry in Boston. … “There are more and more people coming to Boston and not enough places for them to live.”
How much money 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.
Is 100k a good salary in Boston?
If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. But if you live in Boston, it’s harder to make that money go as far as it does in other major U.S. cities.
Boston ranks in the bottom 15
, according to the GOBankingRates.com report. …
Can you live in Boston on 50k?
At only 50k you could get an apartment by yourself but
it would have to be outside Boston
. You may be able to get that in Quincy, Braintree, Malden, Medford, revere, Chelsea. No student loans or any other debt? You’ll be more or less OK, though you most definitely won’t be living it up.
Can I afford to move to Boston?
This guideline says that the
household income must be at least 40 times the monthly rent
. For example: two bedroom median rent across Boston is currently $2,600. A Boston household will need to make at least $104,000 combined for an apartment at that price.
Is Boston cheaper than New York?
Boston, Massachusetts is
17% cheaper than New York City
.
Is Boston a good place to live?
BOSTON (CBS) — The Boston metro
area ranked high as a desirable place to live
in a recent ranking–with other New England cities also making the cut. … The ranking looked for cities that had good value, a strong job market, a high quality of life, and high desirability as a place to live.
What are the bad things about Boston?
- City Hall. …
- No public food market. …
- The cap on liquor licenses. …
- The diner shortage. …
- No gayborhood. …
- Sam Yoon. …
- Weird public transit gaps. …
- No 311 system.
Is Boston a safe city?
Boston sees 655 violent crimes per 100,000, making
the city less safe than 83 percent of US cities
. The violent crime rate in Boston is nearly double the national violent crime rate. People in Boston have a 1 out of 153 chance of becoming a victim of crime, compared to a 1 in 296 in the state of Massachusetts.
Why do people leave Boston?
Out of those people who were skedaddling, the primary reason for half of them were jobs. Others left for
family reasons
, lifestyle or retirement, while a small percentage left primarily for health reason.
Are Bostonians rude?
Bostonians may be rude
, but the Big Apple made it to first place on the magazine’s list. Miami, D.C. and Los Angeles rounded out the magazine’s top five rudest cities. … Chernin, however, said many college students in the city are less rude than the article suggests.
Why is Boston housing so bad?
Blame whatever you want for this one—NIMBYism,
construction costs
, land prices, byzantine zoning—but a historically sluggish construction pace has exacerbated the tight inventory and perennially high demand in the region.
Why is rent high in Boston?
Tenants Are Not Moving
Our final reason why apartments are so expensive in Boston is due to
the fact that tenants are staying put
. Inventory is low and rents in Boston are high. It makes sense that people are living in their apartments longer. This holds true even if the landlords are raising the rent each year.
