Cost of Living in Boston

Massachusetts · Population: 666,442 · Updated 2026

Average
Cost Index
108.3
100 = US avg
Median Income
$97K
Annual household
Median Rent
$2,147/mo
2-bedroom unit
Rent Burden
26%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing126.3
Groceries311.9
Utilities100.0
Transportation291.6
Healthcare100.0
Economic Details
Median Home Value$732K
State Income Tax5%
Unemployment Rate4.3%
Est. Net Income$92K/yr
Affordability Score
96
out of 100
Above national average cost
Salary Converter for Boston

See what salary you'd need in another city to match your purchasing power in Boston.

$75,000

About Boston

Boston is a world-class city known for its prestigious universities, medical research, and biotech industry. The cost of living is very high, but strong wages in healthcare, education, and tech offset this.

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Frequently Asked Questions

Is Boston expensive?

Boston has a cost of living index of 108.3, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Boston?

Based on a rent-to-income ratio of 30%, you'd need at least $85,880 to afford the median 2-bedroom apartment in Boston and maintain basic expenses.

What is the median rent in Boston?

The median 2-bedroom rent in Boston is $2,147 per month, according to HUD Fair Market Rent data.