Boston, MA variant. This is a Boston, MA-specific version of the Salary Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Salary Calculator.
A salary in Boston must be weighed against a cost-of-living index of 162 (US avg = 100) and a $760,000 median home. The same paycheck stretches very differently here than in a cheaper metro.
Salary vs. cost of living in Boston
Boston's cost-of-living index of 162 means goods and housing cost about 62% more than the national average. To match a $60,000 lifestyle elsewhere you'd need roughly $97,200 here.
The $89,212 local median income and $3,300/month median rent set realistic expectations for Boston.
About Boston, MA
Boston has no city income tax, so residents pay Massachusetts state income tax without an added municipal wage levy.
Boston is a high-cost housing market, with home prices and rents elevated by limited supply and steady demand.
Boston's economy is built around education, healthcare, and a leading biotechnology and life sciences sector.
Worked example: cost-of-living adjustment
A $70,000 offer in Boston (index 162) has the buying power of about $43,210 in an average-cost city. Rent alone runs ~$39,600/year.
Quick reference
- Median home value: $760,000
- Median rent: $3,300/mo
- Median household income: $89,212
- Local sales tax: 6.25%
- Effective property tax rate: 1.04%
- Cost of living index: 162 (US avg = 100)
Frequently Asked Questions
Is Boston expensive?
Its cost-of-living index is 162 vs. the US average of 100, so it's above average.
What salary do I need in Boston?
Scale your target lifestyle by the 162 index - e.g., $97,200 to match a $60k lifestyle.