Quick Answer: Is 60k A Good Salary In Boston?

Can I buy a house with 60000 Income?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income.

That’s a $120,000 to $150,000 mortgage at $60,000.

You also have to be able to afford the monthly mortgage payments, however.

You can cover a $1,400 monthly PITI housing payment if your monthly income is $5,000..

Is 60k a year middle class?

The Middle-Class Range Although estimates vary, Pew Research Center has claimed that a middle-class income-range is anywhere between $40,500 and $122,000 per year. However, the U.S. Census Bureau put household middle-class income ranging from around $35,000 to $99,999 for 2017 data.

How much is 60k a year hourly?

Assuming 40 hours a week, that equals 2,080 hours in a year. Your annual salary of $60,000 would end up being about $28.85 per hour.

Is 120k a good salary in Boston?

Originally Answered: Is 120k a good salary in Boston? In Boston proper, you’ll be just getting by in terms of comfortably meeting needs based on a collection of average prices.

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

Typical Expenses1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenRequired annual income after taxes$28,212$55,398Annual taxes$3,936$7,728Required annual income before taxes$32,147$63,1276 more rows

What is a livable salary 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 middle class income in Boston?

Boston’s middle class is broadly defined as households with annual incomes between $50,000 and $125,000.

Can you live in Boston on 50k?

At only 50k you could get an apartment by yourself but it would have to be outside Boston. You may be able to get that in Quincy, Braintree, Malden, Medford, revere, Chelsea. No student loans or any other debt? You’ll be more or less OK, though you most definitely won’t be living it up.

How can I make 1000 a month?

Other jobs you could do to make an extra $1,000 a month include:Walk dogs.Sell services on Fiverr.InboxDollars is an online rewards website I recommend. … Teach another language.Tutor.This isn’t a job, but student loan refinancing can be helpful! … Use Ebates when you shop online for free cash back. … Substitute teach.More items…

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.

Can I live comfortably making 60k a year?

A family earning $60,000 should be able to comfortably afford housing costs in cities where the median household income ranges from $55,000 to $65,000. Median housing costs make up less than 24% of a $60,000 income, on average, across all 109 cities in our study.

What is a good salary in MA?

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.