Living Wage Calculation for Boston-Cambridge-Newton, MA
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $22.56 | $39.27 |
| Poverty Wage | $6.19 | $7.46 |
| Minimum Wage | $14.25 | $14.25 |
What is a good salary to live in Massachusetts?
The minimum salary to be happy in Massachusetts is $139,125, a recent report from Yahoo suggests. The findings were based on a Purdue study published in the journal Nature Human Behaviour, which reviewed how income, emotional well-being and life satisfaction are all connected.
What is a comfortable salary in Massachusetts?
As of Jul 31, 2022, the average annual pay for the Comfortable jobs category in Massachusetts is $43,122 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.73 an hour. This is the equivalent of $829/week or $3,594/month.
What is a good salary to live in Boston MA?
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).
What is a comfortable 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.
What is a good salary in Boston for a single person?
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. A good hourly wage in Boston is $25.48 per hour.
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 |
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.
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.
Is 100k enough to live 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.
Is 80k enough for Boston?
It’s not by choice, of course—roommates are practically a financial necessity 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.
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.
What is the middle class income in Massachusetts?
Boston’s middle class is broadly defined as households with annual incomes between $50,000 and $125,000.
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.
What is considered wealthy in Massachusetts?
Boston residents say it takes more than $2.5 million to be considered wealthy, according to the Charles Schwab report. Charles Schwab this week released its 2018 Modern Wealth Index, which looks at how Americans across the country are managing their money and investing for the future.
What is the poorest neighborhood in Boston?
- Total Population* Total in Poverty. Poverty Rate. Percent of Boston’s. Impoverished.
- Harbor Islands. 349. 300. 86.0% 0.2%
- Fenway. 18,959. 8,276. 43.7% 6.7%
- Mission Hill. 14,455. 5,918. 40.9% 4.8%
- Allston. 16,250. 6,013. 37.0% 4.9%
- Roxbury. 43,839. 15,890. 36.2% 12.9%
- Longwood Medical Area. 459. 163. 35.5% 0.1%
- Downtown. 13,269. 3,189. 24.0%
What is the poorest city in Massachusetts?
The 10 Poorest Places In Massachusetts
- Wareham Center $40,217.
- Lenox $40,294.
- Springfield $41,571.
- Holyoke $42,537.
- Ware $42,905.
- Great Barrington $43,870.
- Adams $43,932.
- Lawrence $450,045.
Is South Boston still poor?
A small, densely populated inner-city neighborhood with approximately 33,000 people living in three square miles, South Boston continues to experience the dichotomy of increasing development and property values, gentrification and a rising median income while 1/3 of South Boston’s children and families remain living in
What is the safest part of Boston?
5 Safest Neighborhoods in Boston
- Allston-Brighton.
- East Boston.
- Hyde Park.
- Jamaica Plain.
- South Boston.
How can I make Boston Affordable?
- Get the Boston CityPASS.
- Try the Go Boston pass.
- Do not rent a car.
- Don’t take an Uber from the airport.
- Opt for a VRBO instead of a hotel.
- Stay at a hostel.
- Visit off-season.
- Book the right tours.
Where do Bostonians retire?
The couple has lived all over the country, but when it came time to retire, the Runeys, both 64, decided to buy in the Naples Lakes golf community in the East Naples area, and now split their time between Florida and Bourne on the Cape.