Ter Reviews Boston (2024)

FAQs

Is 95000 a good salary in Boston? ›

Generally, a good annual salary in Boston is between $80,000 and $100,000 (or between $6,666 and $8,333 monthly) for a single person. With an average monthly cost of living in Boston of $3,997, earning such a salary is good as you'll be able to cover your basic costs and have some savings.

The study puts Boston as the fifth-most expensive city to live comfortably, after New York City, San Jose, Irvine, and Santa Ana, Calif. A single adult needs to make about $60 an hour or $124,966 a year, according to the study put out by SmartAsset. Two working adults with two children need to pull in $319,738 a year.

In Boston, a single adult needs to make $60.08 an hour, or $124,966 a year to "live in sustainable comfort." For two working adults with two children, the total required salary is $319,738.

As of Aug 23, 2024, the average annual pay for the Upper Class jobs category in Boston is $58,181 a year. Just in case you need a simple salary calculator, that works out to be approximately $27.97 an hour. This is the equivalent of $1,118/week or $4,848/month.

What you need to make to be in Massachusetts' 1% You need to earn close to $1 million a year to be in Massachusetts' 1% club. Driving the news: Bay State workers who make $903,401 or more are considered in the top 1% of earners, according to a new SmartAsset analysis of IRS tax filer data.

According to the report, after income taxes, the net pay of someone making $100,000 in Boston is $73,529. Add annual rent at $37,486, $6,353 in groceries, $5,247 in health care costs, $5,313 for utilities, $10,980 in annual transportation costs and $1,522 for miscellaneous costs and there just isn't much left over.

An annual salary of $80,000 is considered good for a single person and is higher than the average pay in the United States. But just how far that money will go for you depends on your financial obligations, where you live, and other factors.

You would need around 9,392.5$ in Boston, MA to maintain the same standard of life that you can have with 12,000.0$ in New York, NY (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare the cost of living and assume net earnings (after income tax).

The average annual household income in Boston is $132,509, while the median household income sits at $89,212 per year. Residents aged 25 to 44 earn $113,612, while those between 45 and 64 years old have a median wage of $91,976.

Is Boston too expensive to live? ›

How expensive is living in Boston? The average monthly cost of living in Boston is between $3,867 and $4,127 for a single person. Boston's living expenses are twice as high as the US average, mainly driven by the cost of housing. Yet, Boston's average salary of $8,090 monthly is higher than the US average of $6,600.

Boston is one of the most expensive cities to live in in the country — and a new report found that it costs much more than $100,000 for a single person to live comfortably in the city.

BA's role mainly falls into project management category. On the other side, QA is team member who would own the task to certify, test and own the quality of the product. In the initial phase QA might earn less but as the experience grows and skills, salary would also increase.

As of Aug 16, 2024, the average annual pay for a Quality Assurance Specialist in Boston is $76,568 a year.

If you make $95,000 a year living in the region of Massachusetts, USA, you will be taxed $25,912. That means that your net pay will be $69,088 per year, or $5,757 per month. Your average tax rate is 27.3% and your marginal tax rate is 35.0%.

While not quite a six-figure salary, $95K is generally considered a good income for a single person. But whether that amount works for you depends largely on where you live and your personal standards.

90K Salary in Massachusetts. $65,000 is the 25th percentile. Salaries below this are outliers. $93,900 is the 75th percentile.

According to the report, after income taxes, the net pay of someone making $100,000 in Boston is $73,529. Add annual rent at $37,486, $6,353 in groceries, $5,247 in health care costs, $5,313 for utilities, $10,980 in annual transportation costs and $1,522 for miscellaneous costs and there just isn't much left over.