Question: How Much Money Do You Need To Live Comfortably In Massachusetts?

What is considered a good salary in Massachusetts?

Massachusetts Average While ZipRecruiter is seeing salaries as high as $147,763 and as low as $22,273, the majority of Average salaries currently range between $53,781 (25th percentile) to $80,400 (75th percentile) with top earners (90th percentile) making $97,784 annually in Massachusetts..

What’s the richest town in Massachusetts?

Weston1. Weston. The richest town in Massachusetts earns a per capita income of $105,217 and has a dramatically higher median family income of $250,000 or more compared to the other towns. Bloomberg ranked Middlesex County’s Weston town as having the 11thwealthiest zip code in all of the US in 2019.

What is considered low income in MA?

2019 Government Poverty GuidelinesHousehold Size100% of Poverty300% of Poverty1$12,760$38,2802$17,240$51,7203$21,720$65,1604$26,200$78,6005 more rows•Jan 17, 2020

What is the most common job in Massachusetts?

Top 100 Jobs Relatively More Common in Massachusetts Than ElsewhereRankJobLocal Popularity Index1Nuclear technicians27.72Oral and maxillofacial surgeons19.53Psychiatric aides7.34Biomedical engineers7.294 more rows

Can you live in Boston on 50k?

At only 50k you could get an apartment by yourself but it would have to be outside Boston. You may be able to get that in Quincy, Braintree, Malden, Medford, revere, Chelsea. No student loans or any other debt? You’ll be more or less OK, though you most definitely won’t be living it up.

Is 200k a good salary in Boston?

The “average” household in Boston makes less than half of what you and your wife make. I’d say 200K is well-above middle class. According to a study, Boston area earnings are higher than the national average by about a third. However, the average earning is still under $70K a year.

Is 100k a good salary 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. … Boston ranks in the bottom 15, according to the GOBankingRates.com report.

What is a good salary for a single person in Massachusetts?

Highest, lowest median incomes in Mass. If your a single person you could probably live decently in Mass. for $50,000-$60,000 if you have a wife & 2 kids $50,000-$60,000 is not going to cut it.

Where do millionaires live in Massachusetts?

The number of millionaires in Worcester, the state’s second-most populous city, declined from 47 in 2014 to 45 in 2015. Tewksbury, Revere, Melrose, Harwich, Dracut, Chelmsford and Bridgewater all increased the number of millionaire residents by at least 100 percent over the three-year span.

What is a livable salary in Boston?

Living Wage Calculation for Boston-Cambridge-Newton, MA1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenLiving Wage$16.74$20.41Poverty Wage$6.00$6.19Minimum Wage$12.00$12.00

Is 70k a good salary in Boston?

70k is a very decent salary for a guy your age. It’ll be doable for sure. And depending on your field, Boston is filled with opportunity. As SpringMom pointed out, you should find something in your budget that is reasonable.

How much do you need to make to live comfortably in Massachusetts?

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.

What is considered middle class income in Massachusetts?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleMassachusetts$28,129 – $84,386$39,780 – $119,340Michigan$24,345 – $73,035$34,429 – $103,288Minnesota$25,441 – $76,323$35,979 – $107,937Mississippi$22,545 – $67,634$31,883 – $95,64948 more rows•Dec 12, 2020

What is the poorest city in Massachusetts?

Springfield1. Springfield. Springfield, unfortunately, ranks as the poorest place in Massachusetts thanks to combination of low pay and and a lack of jobs. The city of 154,139 people averages the lowest median household income in Massachusetts and the 2nd highest poverty rate.

What is the nicest town in Massachusetts?

Best Towns to Raise Families in MassachusettsAmherst. Amherst is in Hampshire County and has a population of 40,000 people. … Bedford. Bedford is an American historical hub located in Middlesex County. … Springfield. Springfield is the third largest city in Massachusetts. … Lexington. … Brookline. … Medford. … Hull. … North Adams.More items…•

Is 120k a good salary in Boston?

Originally Answered: Is 120k a good salary in Boston? In Boston proper, you’ll be just getting by in terms of comfortably meeting needs based on a collection of average prices.

What salary do you need to live in Massachusetts?

On average, Massachusetts residents need to make $33.81 an hour to afford fair market rent, report says. The average Massachusetts resident would need to make $33.81 an hour to afford a two-bedroom rental residence at the fair market rent, according to a new study.

Is 90k a good salary in Boston?

Seriously though, 90k is just fine for Boston. It’s probably ~40k more than the average annual income.