Cost of Living in Boston, MA
Boston has a cost of living index of 152 (100 = national average), making it significantly more expensive than the national average. The median household income is $81,744 and the median home price is $780,000.
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Boston at a Glance
Population
653,833
Cost of Living Index
152
Median Income
$81,744
Median Home Price
$780,000
Property Tax Rate
1.02%
Sales Tax Rate
6.25%
Rent Index
170
State
Massachusetts
Living in Boston
Boston is one of the more expensive cities in the United States. Housing costs are a major factor, with the median home price at $780,000. However, the median household income of $81,744 partially offsets the higher costs.
The combined sales tax rate in Boston is 6.25%, and the effective property tax rate is 1.02%. Property taxes are close to the national average.