Massachusetts
Wage: $76,600 ($36.83/hr)
Home Price: $581,414
Rent: $2,714/mo
Overview
Overview of Massachusetts
Homes in Massachusetts are extremely expensive at $581,414, and you get much less for your money ($89.60 value). However, Massachusetts benefits from a very low property crime rate of 10.7 incidents per 1,000 people.
Curious what your salary would look like after taxes in Massachusetts? Try our free tax calculators.
Compared to the national average, Massachusetts the difference in median home prices is 67.16% – positive being higher than the national average, negative being lower. The difference in the value of $100 is -13.27% – positive meaning you can buy more with $100, negative meaning less.
Average rent disparity compared to the national average is 69.78% and property crime is -43.43%.
Counties
Middlesex, Suffolk, Essex
Zip Codes
02116, 02215, 01085
Popular Metro Area
Boston-Cambridge
Most Populated City
Boston
Median Home Price
$581,414
Value of $100
$89.6
Average Monthly Rent
$2,714
Property Crime Per 1000
10.7
Cost of Living
Cost of Living in Massachusetts
The average monthly cost of living expenses in Massachusetts including: energy, internet, phone bills and miscellaneous expenses.
Total Utilities Cost Per Month
$440
Energy Bill
$136.37
Monthly Water Bill
$34
Monthly Internet
$30
Natural Gas (Utilities)
$77
Monthly Phone Bill
$114
Streaming Services
$49.00
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Crime
Crime in Massachusetts
Typical crime rates in Massachusetts including: Crime Rate Per 100k Residents, Violent Crime Per 100k Residents, and Non-Violent Crime Per 100k Residents.
Population
7,029,917
Crime Rate Per 100k Residents
2415.18
Violent Crime Per 100k Residents
308.81
Non-Violent Crime Per 100k Residents
2106.367
Jobs
Jobs in Massachusetts
Key job metrics including: Unemployment Rate, Average Wage, and Labor Force Participation.
Job Growth Rate (%)
0.79
Unemployment Rate (%)
2.91
Job Openings Level
214,000
Annual Average Wage
$76,600
Hourly Average Wage
$36.83
Labor Force Participation (%)
64.9
Taxes
Taxes in Massachusetts
Tax rates including: state, local, and combined sales tax rate.
State Sales Tax
6%
Average Local Sales Tax
0%
Combined Sales Tax Rate
6%
Our cost of living database is in beta. Found an error? Let us know →
References
We use original research, government sources, and trusted private organizations such as the U.S. Census Bureau, American Community Survey, Zillow, RentCafe, Tax Foundation, Forbes Advisor, Forbes Home, NCSL, U.S. Bureau of Labor Statistics, and the Federal Bureau of Investigation.