Cost of Living in Boston
Median income in Boston is $65,000/year ($5,417/month). Here is how to budget every dollar.
Average Rent in Boston
$2,200
Studio
$2,800
1 Bedroom
$3,400
2 Bedrooms
Monthly Budget Breakdown: $5,417/month
How to allocate the median Boston income of $65,000/year after taxes.
Housing
$2,800
Food & Groceries
$540
Transportation
$160
Utilities
$200
Healthcare
$270
Entertainment
$325
Personal & Other
$270
Savings
$852
Total
$5,417
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Affordable Neighborhoods in Boston
Dorchester and Mattapan offer the most affordable rents within Boston proper
Somerville and Medford are popular alternatives with Red Line/Green Line access
Allston and Brighton near BU have student-friendly pricing
Money-Saving Tips for Boston
MBTA monthly LinkPass ($90) covers all subway lines and buses
Look for September 1 lease deals — Boston's rental market runs on academic cycles
Take advantage of free museum nights and the Freedom Trail for entertainment
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