$58,433 is the 25th percentile. Salaries below this are outliers. $110,676 is the 75th percentile.
How much do I need to make to live in Cambridge MA?
Housing cost in Cambridge, MA
The average rent price for a one-bedroom apartment is $3,014/month. According to the rent affordability calculator, this means you need to make about $10,000/month gross income with no other debts or loans. That’s an average salary of $120,000/year.
What is a good yearly salary in Massachusetts?
Most salaries in Massachusetts range between $47,062 (25th percentile) to $82,589 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.
What is a liveable salary in MA?
Living Wage Calculation for Massachusetts
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.88 | $43.77 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $14.25 | $14.25 |
What is a good starting salary in Massachusetts?
As of Oct 28, 2022, the average annual pay for an Entry Level in Massachusetts is $32,160 a year.
What is considered rich in Massachusetts?
For example, in Massachusetts, where only households earning at least $171,600 are in the top 20%, goods and services are about 10% more expensive than they are on average nationwide, according to RPP data from the Bureau of Economic Analysis.
What is considered high income in Massachusetts?
Average Household Income: $115,964. Per Capita Income: $45,555. 14.3% of Households in Massachusetts are High Income Households that make over $200,000 a year.
Median Household Income in Massachusetts by Age of Householder.
| Massachusetts | |
|---|---|
| Householder 45 to 64 years | $103,973 |
| Householder 65 years and over | $52,973 |
Is 75k a good salary in Boston?
A good salary in Boston, MA is anything over $53,000. That’s because the median income in Boston is $53,000, which means if you earn more than that you’re earning more than 50% of the people living in Boston.
What is the highest paid job in Massachusetts?
Detailed List Of Highest Paying Jobs In Massachusetts
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $267,033 |
| 2 | General Surgeon | $219,313 |
| 3 | Revenue Officer | $216,864 |
| 4 | Head Of Security | $206,623 |
How much do public school teachers make in Massachusetts?
How much does a Public School Teacher make in Massachusetts? The average Public School Teacher salary in Massachusetts is $60,324 as of September 26, 2022, but the range typically falls between $50,381 and $73,552.
Is $27 an hour good pay?
Yes, it’s quite decent. With $27 per hour, your monthly income will amount to about $4,680, i.e., $3,240 after taxes, which means you can save up to 10% on things such as food, utilities, transportation, and insurance.
What is considered low income in MA?
What are the Income Limits?
| 1 Person | 2 Person | |
|---|---|---|
| Very Low Income 50% | $49,100 | $56,100 |
| Low Income 80% | $78,300 | $89,500 |
| Area Median Income 100% | $98,140 | $112,160 |
What is $22 an hour annually?
Typically, the average work week is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. What is this? Then, multiple the hourly salary of $22 times 2,080 working hours, and the result is $45,760.
What is a good salary for mid 20s?
Average Salary for Ages 20-24
The median salary of 20- to 24-year-olds is $667 per week, which translates to $34,684 per year. Many Americans start out their careers in their 20s and don’t earn as much as they will once they reach their 30s.
What salary do you need to live comfortably in Boston?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $38,027 | $75,096 |
| Annual taxes | $8,891 | $17,558 |
| Required annual income before taxes | $46,918 | $92,654 |
What is a good salary for Boston MA?
While ZipRecruiter is seeing salaries as high as $146,433 and as low as $22,528, the majority of salaries within the Above Average jobs category currently range between $34,328 (25th percentile) to $69,730 (75th percentile) with top earners (90th percentile) making $87,967 annually in Boston.
What is the top 1% in Massachusetts?
Massachusetts
- Top 1% income threshold:$810,256.
- Top 5% income threshold:$314,389.
What is the richest town in Massachusetts?
Dover is one of the wealthiest towns in Massachusetts. Located in Norfolk county, Dover has a population of 5,923. Home to some of the most affluent residents of Massachusetts, Dover has a median household income of over $250,000.
1. Dover, MA.
| Median Household Income | $250,000+ |
|---|---|
| Median Home Value | $1,008,600 |
Where do most millionaires live in Massachusetts?
While much of the state’s most expensive properties are set in Boston, many of the most affluent of Massachusetts’ residents live outside the city in smaller towns like Dover, Sherborn and Carlisle. One such town, Weston, is the wealthiest.
What is considered top 5 income?
In 2021, the top 1% earned more than twice the income of the top 5% nationwide. While the top 1% earned almost $600,000, you only needed to pull in $240,712 to crack the top 5% of U.S. earners, according to SmartAsset.
What is the wealthiest suburb of Boston?
Wellesley. If the fast-paced and cramped life of owning a multi-million dollar condo in Boston is tiring, then Wellesley might be the Boston suburb for you! Home to Wellesley and Babson Colleges, this city borders Newton and is among the wealthiest cities in America.