Massachusetts laws
| Date | Standard Minimum Wage | Tipped Minimum Wage |
|---|---|---|
| January 1, 2021 | $13.50 | $5.55 |
| January 1, 2022 | $14.25 | $6.15 |
| January 1, 2023 | $15.00 | $6.75 |
What is the minimum salary to live in Boston?
Living Wage Calculation for Boston-Cambridge-Newton, MA
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Living Wage | $22.56 | $15.41 |
| Poverty Wage | $6.19 | $4.19 |
| Minimum Wage | $14.25 | $14.25 |
What is the minimum annual salary in Massachusetts?
Calculation Results:
| Hourly | Yearly | |
|---|---|---|
| Massachusetts Minimum Wage | $14.25 | $29,640.00 |
What is a good salary for Boston?
A good salary in Boston, MA is anything over $53,000. That’s because the median income in Boston is $53,000, which means if you earn more than that you’re earning more than 50% of the people living in Boston. The average salary in Boston is $63,751.
What is a median salary in Boston?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 30.7 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $76,298 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $46,845 |
Who can afford to live in 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.
How much is cost of living in Boston?
The average cost of living in Boston for one person is $2,899 per month. This places it squarely in the top 1% of the most expensive cities in the world! It also ranks as the 26th most expensive city in the U.S. (out of 2,202 cities) and the 31st most expensive in the world (out of 9,294).
What is a livable salary in Massachusetts?
Living Wage Calculation for Massachusetts
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.88 | $43.77 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $14.25 | $14.25 |
What is a good salary for a single person in Massachusetts?
$53,203 is the 25th percentile. Salaries below this are outliers. $107,480 is the 90th percentile.
Can I afford to live in Massachusetts?
In order to afford this level of rent and utilities, without spending more than 30 percent of a given income on housing costs, the average household in the commonwealth must earn $5,861 each month, or $70,333 each year.
What is middle class income in Boston?
between $50,000 and $125,000
Boston’s middle class is broadly defined as households with annual incomes between $50,000 and $125,000.
Where is the cheapest area to live in Boston?
What are the Most Affordable Neighborhoods in Boston?
- Allston-Brighton.
- Dorchester.
- East Boston.
- Roslindale.
- Hyde Park.
What is a good salary in Boston 2022?
As of Jul 31, 2022, the average annual pay for the Average jobs category in Boston is $80,891 a year.
Is it easy to get a job in Boston?
Employment in Boston
Finding a job in Boston is not going to be easy since there is highly skilled competition in the area. Unsolicited applications might be a good idea, especially because there is a large hidden job market in the US.
Is it cheaper to live in Boston or NYC?
The cost of living in New York, NY is 19.5% higher than in Boston, MA. You would have to earn a salary of $71,695 to maintain your current standard of living. Employers in New York, NY typically pay 6.8% more than employeers in Boston, MA.
Is Boston cheaper than NYC?
Cost of Living
New York City is more expensive than Boston but not by much. NYC ranks the most expensive city in the US, while Boston is fourth (San Francisco and Honolulu are 2 and 3). The cost of living in New York is 129% higher than the national average, whereas it’s only about 48% higher in Boston.
Is it worth it to move to Boston?
Boston is a great place to live, work, study, and raise a family. There is a vast array of arts, culture, and shopping destinations. There’s also a wide variety of restaurants, outdoor activities, and historical sites to see.
Is Boston cheap to live?
Living in the Hub is not cheap—Boston is among the most expensive cities in the US. According to Numbeo’s cost of living index, which factors the cost of consumer goods prices, including groceries, restaurants, transportation, and utilities, Boston’s steep price point earns it a score of 88.27 out of 100 in July 2020.
Do you need a car in Boston?
3. You do not need a car to live in Boston. Given that your chosen neighborhood will likely come complete with bus routes, bike lanes, and maybe even a T stop—the T is Boston’s trolley and subway system—never mind plenty of sidewalk, you really won’t need a car here.
How much is food in Boston?
In other words, food in Boston is pricey. If you decide to eat out, expect to pay around $15 for a meal at an inexpensive restaurant. A three-course meal for two at a mid-range restaurant comes with an average price of $69, according to Numbeo.com.
What is the poverty line in Boston?
100% of the Federal Poverty Level Guidelines
| Family Size | Annual | Monthly |
|---|---|---|
| 1 | $13,590 | $1,133 |
| 2 | $18,310 | $1,526 |
| 3 | $23,030 | $1,919 |
| 4 | $27,750 | $2,313 |