Where Is The Cheapest Place To Live In Boston?

Is it affordable to live in Boston?

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.

Where is the most affordable place to live in Massachusetts?

• Palmer Town.
• Westfield.
• Pittsfield.
• Chicopee.
• Agawam Town.
• Gardner.
• North Adams.
• Fitchburg.

How do I find affordable living in Boston?

The city of nearly 700,000 has a mercifully convenient clearinghouse for those looking for affordable housing for either sale or rent. It’s called

Metrolist

, and users can search it via four affordable opportunities: lotteries and resales; available rental listings; and affordable properties.

What is a good salary 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.

Why is rent in Boston so expensive?

Another reason why apartments are so expensive in Boston is

due to the fact that the inventory is low

. According to Boston Pads the Real Time Availability Rate, or RTAR for short, is currently at 6.91%. That means only 6.91% of the total amount of apartments in Boston are currently on the rental market.

What is a livable salary in Boston?

How can I buy a house with low income in Massachusetts?

1. Be a first-time homebuyer. …
2. Take a homebuyer class. …
3. Meet our down payment requirements. …
4. Have a total household income under our limits. …
5. Have less than $75,000 in total household assets. …
6. Meet our credit score limits. …
7. Agree to live in the property as your primary residence.

What’s the worst place to live in Massachusetts?

• Worcester, Mass. Singhlaw4u cites Worcester as one of the most dangerous cities in the state of Massachusetts. …
• Brockton, Mass. Brockton is located in the eastern region of Massachusetts. …
• West Springfield, Mass. …
• Holyoke, Mass. …
• New Bedford, Mass. …
• Pittsfield, Mass. …
• Boston, Mass.

What is considered low income in Boston?

(FYI: “AMI” as seen in the chart refers to area median income; it’s just another way of breaking down low income and middle income but in general, as mentioned above, low income

= up to $50k

and middle income= $50k-125k).

How do I find an apartment in Boston without a realtor?

Finding apartments in Boston without a realtor can sometimes be tricky. Without a real estate agent or service, you can find an apartment

through sites like Facebook housing groups, Facebook marketplace, and Craigslist

. These websites are helpful but it may be time consuming to have to sort through all the options.

Can you trust apartments com?

By interviewing everyone from brokers to owners and property managers, Apartment.com makes sure their

data is up-to-date, trusted and reliable

. The downside is that Apartments.com does not broker, lease, or sublease apartments directly and is not a part to any transaction between landlords and renters.

What is middle class income 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.

How much money do you need to live comfortably single 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. Indeed, just

$6,540 per month

will allow you to put 29 percent of your income toward rent for a one-bedroom apartment.

Is 100k a good salary in Boston?

But a new report shows that a yearly $100,000 income goes a lot further in some cities than others – including Boston. Personal finance site GoBankingRates.com looked at where a $100,000 income would

be considered “good

” in America’s 50 largest cities.

Why is Boston housing so bad?

Blame/credit a strong local economy, immigration, and the area’s overall desirability. A corollary to this is that, because

demand is so strong and prices so high

, generations tend to pass down housing in the Boston area more than in some other places.