#AVERAGE MONTHLY EXPENSES FOR ONE PERSON 2021 FREE#
This means that you will find many free or affordable concerts, workshops, sporting events, and so on. Over 35 colleges are located in the city, including Harvard and MIT. This is higher even than New York City (which has a higher cost of living) and second only to San Francisco on a domestic level.Īlso, keep in mind that Boston is surrounded by college life. Because of this, the average salary in Boston is $77,000 per year. It’s also a market with fast-growing jobs, particularly in traditionally high-paying jobs such as finance, technology, and medicine. For one thing, 22% of its residents hold advanced degrees. AffordabilityĪnother factor to keep in mind is that salaries in Boston tend to be on the higher side. It’s also the 39th best city to live in the United States, topping popular cities such as Los Angeles, New Orleans, Virginia Beach, and even Honolulu. It currently sits at #121 in the list of best places to live in the world, which places it in the top 2% of cities world-wide. You will probably find that the high prices in Boston are worth it.
Regardless of the exact number, there is no denying that Boston is an incredibly expensive city. Reports vary slightly, with the cost of living in Boston generally falling somewhere between 48% and 62% higher than the national average. (out of 2,202 cities) and the 31st most expensive in the world (out of 9,294). 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. The average cost of living in Boston for one person is $2,899 per month. And make sure you talk to local Realtors - they can give you the inside scoop on some less expensive neighborhoods. So before you book your moving company, inspect the living expenses to be certain that you can afford the Boston life. From entertainment to housing, you’ll be paying a premium if you want to settle down in Beantown. Like many major cities in the northeast, the cost of living in Boston is quite a bit higher than the national average. Boston is famous for many things, but affordable living isn’t one of them. Can You Afford The Cost Of Living In Boston?
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