| Apartment Rentals | The average rent for a one-bedroom apartment in Boston is $2,400 per month. Two-bedroom apartments average around $2,800 per month. Rent prices vary depending on the neighborhood and amenities. |
| Apartment Purchases | The median home value in Boston is $622,000. Prices vary depending on the neighborhood and size of the home. The median price per square foot is $541. |
| Transportation | The MBTA (Massachusetts Bay Transportation Authority) operates the public transportation system in Boston. A single ride on the subway or bus costs $2.75. A monthly pass costs $90. The MBTA also offers discounted fares for seniors, students, and people with disabilities. |
| Groceries | The average cost of groceries in Boston is about $400 per month for a family of four. Prices vary depending on the type of food purchased and the store. |
| Restaurants | The average cost of a meal at a mid-range restaurant in Boston is $30 per person. Prices vary depending on the type of restaurant and the location. |
| Utilities | The average cost of utilities in Boston is $150 per month. This includes electricity, water, gas, and trash. Prices vary depending on usage. |
| Private School Tuition | The average cost of private school tuition in Boston for preschool is $15,000 per year. Elementary school tuition is $20,000 per year. Middle school tuition is $25,000 per year. High school tuition is $30,000 per year. Prices vary depending on the school. |
Monthly Budget for Retirees in Boston
“The cost of living in Boston is generally higher than the national average. Housing costs are particularly high, with the median home price in the city being significantly higher than the national median. Groceries, transportation, and utilities are also more expensive than the national average. Additionally, taxes in Boston are higher than in many other cities,” said one expat living in Boston.
Can I live in Boston on $1,500 a month?
“I’ve been living in Boston for a few years now, and I can tell you that it’s definitely possible to live on $1,500 a month, but you’ll have to make some sacrifices. First, you’ll need to find a place to live that’s affordable. I’d recommend looking into neighborhoods like Allston, Brighton, or Dorchester, where you can find a room in a shared apartment for around $600-$800 a month. You might also want to consider living a bit further out, like in Quincy or Malden, where you can find cheaper rent and still have access to public transportation.As for the expensive neighborhoods, I’d avoid places like Back Bay, Beacon Hill, and the South End, as they tend to have higher rent prices. Also, living in a more affordable neighborhood means you’ll probably have to commute to work, so you’ll need to factor in the cost of a monthly T pass, which is currently $90.When it comes to food, you’ll need to be smart about your grocery shopping and eating out. I usually shop at places like Market Basket or Trader Joe’s, where you can find good deals on groceries. Eating out can be expensive in Boston, so I try to limit that to once or twice a week and cook at home most of the time.Another thing to consider is entertainment and socializing. There are plenty of free or low-cost events happening around the city, like outdoor movies, concerts, and festivals. You can also find discounts on tickets to museums, theater shows, and other attractions if you keep an eye out for deals.In terms of other expenses, you’ll need to be mindful of your utility bills, especially during the winter months when heating costs can be high. I’d recommend setting a budget for yourself and tracking your spending to make sure you’re staying within your means.Overall, living on $1,500 a month in Boston is doable, but it requires some sacrifices and careful budgeting. If you’re willing to live in a more affordable neighborhood, cook at home, and take advantage of free or low-cost entertainment options, you can make it work,” commented an expat living in Boston.
Can I live in Boston on $3,500 a month?
“I’ve been living in Boston for a few years now, and I can tell you that it’s possible to live on $3,000 a month, but you’ll have to make some sacrifices. First, you’ll need to find a more affordable neighborhood to live in. Some of the more expensive neighborhoods like Back Bay, Beacon Hill, and South End might be out of your budget. Instead, consider looking into neighborhoods like Allston, Brighton, or Jamaica Plain. These areas are more affordable and still have access to public transportation, which will save you money on commuting.You’ll also need to be mindful of your spending on other things like groceries, dining out, and entertainment. Boston can be an expensive city, so you’ll need to budget carefully. Try shopping at discount grocery stores like Market Basket or Trader Joe’s, and look for deals and discounts at local restaurants and bars. There are also plenty of free or low-cost events and activities in the city, so take advantage of those to save on entertainment costs.Another sacrifice you might have to make is living with roommates. Rent can be quite high in Boston, so sharing an apartment with others can help you save on housing costs. This might not be ideal if you’re used to living alone, but it’s a common practice in the city, especially among young professionals and students.Lastly, you might need to cut back on some of the modern amenities you’re used to. For example, you might not be able to afford a gym membership or a car, so you’ll need to find alternative ways to stay active and get around the city. Luckily, Boston is a very walkable city, and there are plenty of parks and outdoor spaces where you can exercise for free.Overall, living in Boston on $3,000 a month is doable, but it will require some adjustments and sacrifices. By being mindful of your spending and choosing a more affordable neighborhood, you can make it work and still enjoy all that this great city has to offer,” said one expat living in Boston.
Can I live in Boston on $5,000 a month?
“I’ve been living in Boston for a few years now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, but you’ll have to make some sacrifices. First, you’ll need to choose a more affordable neighborhood to live in. Some of the more expensive neighborhoods like Back Bay, Beacon Hill, and South End might be out of your budget, especially if you’re looking for a larger apartment or a place with modern amenities.Instead, consider looking into neighborhoods like Jamaica Plain, Allston, or Brighton. These areas are more affordable and still have a lot to offer in terms of restaurants, shops, and public transportation. You might also want to look into Dorchester or East Boston, which are up-and-coming neighborhoods with lower rent prices.One sacrifice you might have to make is living in a smaller apartment or sharing a place with roommates. This can help you save on rent and utilities, and it’s pretty common in Boston, especially among young professionals and students.Another thing to consider is transportation. If you’re used to having a car, you might want to think about using public transportation instead. The cost of parking in Boston can be quite high, and the traffic can be a nightmare. The MBTA, or the “T” as we call it, is a pretty reliable and affordable way to get around the city. Plus, many neighborhoods are walkable or bike-friendly, so you might not even need a car.When it comes to dining out and entertainment, you’ll probably need to be more budget-conscious. Boston has a lot of great restaurants, but eating out can get expensive quickly. Try to cook at home more often and take advantage of the many free or low-cost events and attractions the city has to offer, like the numerous parks, museums, and historical sites.Overall, living in Boston on $5,000 a month is doable, but you’ll need to be smart about your spending and make some sacrifices. By choosing a more affordable neighborhood, cutting back on transportation costs, and being mindful of your entertainment expenses, you can make it work and still enjoy all that this great city has to offer,” commented an expat living in Boston.
