GITNUX MARKETDATA REPORT 2024

Statistics About The Average Cost Of Living In Boston

The average cost of living in Boston is higher than the national average, with housing and transportation expenses being the largest contributors.

With sources from: numbeo.com, mbta.com, livingcost.org, smartasset.com and many more

Statistic 1

The average resident in Boston spends about $300 per month on entertainment.

Statistic 2

The cost per kWh of electricity in Boston is roughly $0.22.

Statistic 3

The monthly cost of gym membership in Boston averages $62.

Statistic 4

On average, Boston residents spend around $4,200 on grocery bills annually.

Statistic 5

Boston’s cost of childcare for an infant averages $2,500 per month.

Statistic 6

Average monthly parking cost in downtown Boston is $350.

Statistic 7

The annual cost of car insurance in Boston averages $1,800.

Statistic 8

Average price of a gallon of milk in Boston is $3.46.

Statistic 9

The average cost for a cappuccino in Boston is $4.73.

Statistic 10

Average monthly rent for a one-bedroom apartment in Boston is around $2,500.

Statistic 11

Median household income in Boston is about $79,018.

Statistic 12

Boston's average property tax rate is 1.20%.

Statistic 13

Average monthly public transportation pass in Boston costs $90.

Statistic 14

Average salary in Boston is around $72,000 annually.

Statistic 15

Boston’s average healthcare cost for a single individual is roughly $440 per month.

Statistic 16

The average cost of internet service in Boston is about $60 per month.

Statistic 17

The median home price in Boston is approximately $700,000.

Statistic 18

The cost of dining out at an inexpensive restaurant in Boston averages $20 per person.

Statistic 19

The average student loan debt for graduates in Boston is approximately $37,172.

Statistic 20

Average cost of utility bills (electricity, heating, cooling, water, garbage) for a 915 sq ft apartment in Boston is approximately $163 per month.

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In this post, we will explore the average cost of living in Boston by examining various statistics related to expenses such as entertainment, electricity, gym membership, grocery bills, childcare, parking, car insurance, milk prices, coffee, rent, household income, property tax, public transportation, salaries, healthcare, internet services, housing prices, dining out, student loan debt, and utility bills. By looking at these figures, we can gain a comprehensive understanding of the financial aspects of residing in Boston.

Statistic 1

"The average resident in Boston spends about $300 per month on entertainment."

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Statistic 2

"The cost per kWh of electricity in Boston is roughly $0.22."

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Statistic 3

"The monthly cost of gym membership in Boston averages $62."

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Statistic 4

"On average, Boston residents spend around $4,200 on grocery bills annually."

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Statistic 5

"Boston’s cost of childcare for an infant averages $2,500 per month."

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Statistic 6

"Average monthly parking cost in downtown Boston is $350."

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Statistic 7

"The annual cost of car insurance in Boston averages $1,800."

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Statistic 8

"Average price of a gallon of milk in Boston is $3.46."

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Statistic 9

"The average cost for a cappuccino in Boston is $4.73."

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Statistic 10

"Average monthly rent for a one-bedroom apartment in Boston is around $2,500."

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Statistic 11

"Median household income in Boston is about $79,018."

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Statistic 12

"Boston's average property tax rate is 1.20%."

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Statistic 13

"Average monthly public transportation pass in Boston costs $90."

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Statistic 14

"Average salary in Boston is around $72,000 annually."

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Statistic 15

"Boston’s average healthcare cost for a single individual is roughly $440 per month."

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Statistic 16

"The average cost of internet service in Boston is about $60 per month."

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Statistic 17

"The median home price in Boston is approximately $700,000."

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Statistic 18

"The cost of dining out at an inexpensive restaurant in Boston averages $20 per person."

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Statistic 19

"The average student loan debt for graduates in Boston is approximately $37,172."

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Statistic 20

"Average cost of utility bills (electricity, heating, cooling, water, garbage) for a 915 sq ft apartment in Boston is approximately $163 per month."

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Interpretation

In conclusion, living in Boston comes with a range of costs across various aspects of daily life. From entertainment and gym memberships to childcare and housing expenses, residents face a significant financial commitment to sustain their lifestyle in the city. With a relatively high cost of living reflected in expenses such as rent, utilities, and dining out, it is essential for individuals to carefully budget and plan for their financial needs. Despite the city's higher costs, the average salary and household income in Boston are relatively strong, providing residents with the means to cover these expenses and maintain a comfortable standard of living.

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