Calculate using real Boston data. Median home price: $650,000. Property tax rate: 1.04%.
Boston, MA has a cost of living index of 155, where 100 represents the national average. This means living in Boston is 55% more expensive the national average.
The median household income in Boston, MA is $81,744. Combined with a cost of living index of 155, this provides a picture of purchasing power in the area.
The median home price in Boston, MA is $650,000 with a property tax rate of 1.04%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $4,000.