Is Boston expensive to live in?
Category:
personal finance
home financing
Housing in Boston is expensive so many people are forced to rent. In a report by Forbes in 2015, Boston was named as the third most overpriced city in the United States. This is how rents in Boston compare with other cities around the globe.
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.
In respect to this, how much does it cost to live in Boston?
19 Peak Hill Rd
COST OF LIVING | Boston | Massachusetts |
---|---|---|
Housing | 260.6 | 176.4 |
Median Home Cost | $602,600 | $407,900 |
Utilities | 116.8 | 112.9 |
Transportation | 131.8 | 107.9 |
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.