What is the cost of living in massachusetts

Is it expensive to live in Massachusetts?

Massachusetts is the third most expensive place to live in America, according to a CNBC Study. The Boston area is the driving force behind the Bay State’s high cost of living , where the median price for a home is 70 percent higher than the national figure.

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.

What is the cost of living increase in Massachusetts?

The COLA allowed an increase of 3% of the first $13,000 of your annual benefit paid in monthly installments, effective July 1, 2019, for a maximum increase of $390 /year or $32.50 /month. If you have additional questions about the COLA, please contact your local State Senator and Representative.

What is the cheapest city to live in Massachusetts?

These are the 10 most affordable places to live in Mass., according to a new study

Rank City Affordability Index
1 Athol, MA 36.64
2 Bellingham, MA 36.08
3 Longmeadow, MA 32.53
4 Palmer Town , MA 31.77

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 should I know before moving to Massachusetts?

21 Things to Know Before Moving to Massachusetts (2020 Guide) Tech Hub – The Future of Jobs is Tech; the Future of Tech is Massachusetts . Higher Education – The Best Universities in The World. Public Education – Massachusetts is a Model for the Entire Country. Health Care – One of the Best in the Country and Getting Better. Sports – A Legacy of Winning.

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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.

What is considered low income in Massachusetts?

2019 Government Poverty Guidelines

Household Size 100% of Poverty 300% of Poverty
1 $12,760 $38,280
2 $17,240 $51,720
3 $21,720 $65,160
4 $26,200 $78,600

What is a livable salary in Boston?

Living Wage Calculation for Boston-Cambridge-Newton, MA

1 ADULT 2 ADULTS (BOTH WORKING)
0 Children 2 Children
Living Wage $16.74 $20.41
Poverty Wage $6.00 $6.19
Minimum Wage $12.00 $12.00

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

Typical Expenses

1 ADULT 2 ADULTS (BOTH WORKING)
0 Children 0 Children
Required annual income after taxes $28,212 $41,619
Annual taxes $3,936 $5,806
Required annual income before taxes $32,147 $47,425

How much money do you need to live comfortably 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 the cheapest state to live in?

Mississippi

What is the most dangerous city in MA?

Here are the 25 Most Dangerous Cities per Capita in Massachusetts: #8 – Pittsfield. #7 – Wareham. Population: 22,592. #6 – Webster. Population: 16,295. #5 – Tisbury. Population: 4,116. #4 – Brockton. Population: 95,287. #3 – Holyoke . Population: 40,178. #2 – Fall River . Population: 89,066. #1 – Springfield . Population: 154,306.

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What’s the worst place to live in Massachusetts?

#5 – Pittsfield. Population: 42,298. Violent Crimes: 356. Violent Crimes Per Capita: 8.41. #4 – Brockton . Population: 95,922. Violent Crimes: 868. #3 – Holyoke . Population: 40,470. Violent Crimes: 391. #2 – Springfield . Population: 155,179. Violent Crimes: 1,534. #1 – Fall River . Population: 89,475. Violent Crimes: 908.

What is the poorest town in Massachusetts?

Springfield

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