Cost of Living in Boston, MA
Population: 663,972 • 2026 Data
$94,755
Median Household Income
+22% vs national
$2,093
Median Monthly Rent
+55% vs national
$710,400
Median Home Value
+110% vs national
6.0%
Unemployment Rate
Housing in Boston
The median home value in Boston, MA is $710,400. Monthly rent for a typical unit averages $2,093, while total monthly housing costs (including utilities and insurance) average $2,176.
Rent-to-income ratio: 26.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Boston, MA is $94,755. The unemployment rate stands at 6.0%, with a labor force of 403,888 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.