Question: Is 120k A Good Salary In Boston?

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.

How much is 120k a year hourly?

Your annual salary of $120,000 would end up being about $57.69 per hour.

Where can I live on 50k a year?

Earn $50,000 a year? Your paycheck will go further in these citiesMemphis, Tennessee. Memphis, Tennessee. … El Paso, Texas. A street scene in in El Paso, Texas, on November 28, 2018. … Toledo, Ohio. Jeff Friedman | Getty Images. … Cleveland, Ohio. … Tulsa, Oklahoma.

What is the poorest city in Massachusetts?

BOSTON — Lawrence, which has the lowest per-capita income in Massachusetts, also has one of the highest rates of coronavirus infections on a per capita basis, according to a Massachusetts Patch review of data from 27 towns and cities in eastern Massachusetts.

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

What is a good salary in Boston?

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 a good salary in Massachusetts?

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

What is 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 a livable salary in Massachusetts?

Living Wage Calculation for Massachusetts1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$15.46$27.83Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

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 report.

Is 200k a good salary in Boston?

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. … Boston’s the same with income.

How many billionaires are in Boston?

Among the 1,426 billionaires on the list are nine people who call Massachusetts home. Click through to the state’s billionaires.

Why is rent so high in Boston?

There are myriad reasons for why Boston rents are so comparatively high. That low supply relative to demand is probably the most significant one (and there are a few reasons for that). Zoning regs in the city and its neighbors is another. The proportion of people in the city who can afford such rents is a reason too.

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

Is Boston a rich city?

Boston-Cambridge-Newton, Mass,-N.H. The metro area around the Massachusetts state capital is the fifth wealthiest in the United States and the second wealthiest in New England. The typical household in the Boston metro area earns $82,380 a year, or nearly $25,000 more than the typical U.S. household income of $57,617.

How much does it cost to live comfortably in Boston?

But back to the Boston, Quincy, Cambridge metro area: The group estimates a family of two adults and two children in the Boston,Quincy,Cambridge metro area would need to earn a combined $113,558 per year — or $9,463 a month — to “attain a modest yet adequate standard of living,” the organization said.

What is middle class income in Boston?

Boston’s middle class is broadly defined as households with annual incomes between $50,000 and $125,000.

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. … On a more serious note, it would take at least $80K to live semi-comfortably in your own apartment if you want to save for retirement – and once again, that assumes low or no debt.

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.

Is 60k a good salary in Boston?

You can live comfortably outside of Boston proper (Boston proper is within the city limits, not a suburb like Newton or Cambridge) on 60k a year. … The housing costs in Boston are some of the highest in the country, and you can reasonably expect to spend 50% of your check or more on rent.

How much does it cost to live in Boston per month?

Summary about cost of living in Boston, MA, United States: Family of four estimated monthly costs are 4,184$ without rent. A single person estimated monthly costs are 1,160$ without rent.