Is Boston expensive to live in?
Similarly, how much money do you need to live comfortably in Boston?
Turns out the magic number for Boston is a household income of $120,900. That makes Boston one of the pricier big American cities in which to live comfortably (see chart below). From the study: "A Boston apartment with a couple of bedrooms will cost you $2,821 per month, on average.
Subsequently, question is, 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.”
In respect to this, how much does it cost to live in Boston?
19 Peak Hill Rd
|COST OF LIVING||Boston||Massachusetts|
|Median Home Cost||$602,600||$407,900|
Is it expensive to live in Massachusetts?
Massachusetts is the third most expensive place to live in America, according to a CNBC Study. The Boston area is the driving force behind the Bay State's high cost of living, where the median price for a home is 70 percent higher than the national figure.