Can You Afford to Live in Boston, Massachusetts?

Question:

Is $60k a year (pre-tax) enough to live in Boston, MA?

Answer:

This depends on several factors.

1. How are you planning to live in Boston? Alone or with roommates? Can you cook or are you planning to eat out a lot?

a. Rents are high compared to most areas of the country, with the exception of NYC, San Francisco, and a few other cities.

b. I live in downtown Boston where I pay $1500 a month to live in a tiny studio…