Cost of Living Breakdown
The cost of living in Boston, MA is 52% higher than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 152 | +52% |
| Housing | 218 | +118% |
| Groceries | 110 | +10% |
| Utilities | 135 | +35% |
| Transportation | 115 | +15% |
| Healthcare | 112 | +12% |
Housing Costs in Boston
Housing is typically the largest expense. In Boston, the housing index is 218 (national average = 100).
- Median home price: $780,000
- Median rent (1 bedroom): $2,800/month
- Median rent (2 bedrooms): $3,400/month
- Annual rent (1BR): $33,600/year
Housing in Boston is significantly more expensive than average. Consider our mortgage calculator to understand what you can afford.
How Much Do You Need to Earn in Boston?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $76,000 in Boston. The median household income of $81,744 translates to a monthly budget of approximately $6,812.
Groceries & Everyday Expenses
The grocery index in Boston is 110. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 115, while utilities come in at 135. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Boston are indexed at 112. Healthcare is pricier than average — factor this into your budget when comparing cities.
Compare to Massachusetts
See statewide salary and tax data on our average salary in Massachusetts page. Also see income data for this city on our average salary in Boston page.
Financial Tools
Use our free calculators to plan your finances in Boston:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment