How much you need to live comfortably in Massachusetts: $45,510.40 to $65,728 per year. A single adult needs to earn at least $45,510 per year (or $21.88/hour) to live in Massachusetts. For a family of four, the required minimum annual income is $65,728 or $31.60/hour.
How much money do I need to live comfortably in Massachusetts?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $36,892 | $106,549 |
| Annual taxes | $8,626 | $24,912 |
| Required annual income before taxes | $45,517 | $131,461 |
What is a decent salary in Massachusetts?
Most salaries in Massachusetts range between $47,062 (25th percentile) to $82,589 (75th percentile) annually.
What is considered middle class income in Massachusetts?
around $57,000 to $170,000
The middle class is defined as making around $57,000 to $170,000 for two people, three people in your home means $71,000 to $213,000, and a four-person household is $88,000 to $263,000.
What is a good salary in Boston MA?
A good salary in Boston, MA is anything over $53,000.
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 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 job pays the most in Massachusetts?
Top 100 jobs in Massachusetts by salary
- Anesthesiologist: $395,147 per year.
- Surgeon: $348,468 per year.
- Family medicine physician: $220,490 per year.
- Internal medicine physician: $171,207 per year.
- Chief marketing officer: $163,455 per year.
- Machine learning engineer: $156,691 per year.
- Engineering manager: $154,994 per year.
What is the highest paying 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 |
What is a good hourly wage in Massachusetts?
$1,920 is the 90th percentile. Wages above this are outliers. $15.23 is the 25th percentile. Wages below this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Massachusetts.
| City | Lowell |
|---|---|
| Annual Salary | $50,747 |
| Monthly Pay | $4,228 |
| Weekly Pay | $975 |
| Hourly Wage | $24.40 |
What salary is upper class?
Based on Pew’s analysis, a household of three would need an income of $156,600 to meet the definition of upper class, which it defines as household incomes more than double the national median.
What is considered a rich salary?
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $500,000 a year in 2022 is considered a top 1% income earner. Of course, some parts of the country require a higher income level to be in the top 1% income, e.g. Connecticut at $580,000.
What is considered high income 2022?
For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
Is 50K enough to live in Boston?
If you stick to your plan of getting a roommate and living in a nearby suburb (with decent public transportation; not all off Boston’s suburbs are convenient for commuters), don’t eat out every night, and stick to a budget, you should be fine at $50K.
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 $60,485 as of October 27, 2022, but the range typically falls between $50,520 and $73,756.
What is the average cost of living in Massachusetts?
The cost of living in Massachusetts is $2233, which is 1.15 times more expensive than the average in the United States.
Cost of Living in Massachusetts.
| Cost of living | One person | Family of 4 |
|---|---|---|
| ? Total with rent | $2233 | $4955 |
| ?️ Without rent | $775 | $2604 |
| ? Rent & Utilities | $1458 | $2351 |
What is poverty level in MA for one person?
200% of the Federal Poverty Level Guidelines
| Family Size | Annual | Weekly |
|---|---|---|
| 1 | $27,180 | $523 |
| 2 | $36,620 | $704 |
| 3 | $46,060 | $886 |
| 4 | $55,500 | $1,067 |
Who qualifies for $500 in Massachusetts?
Based on filed 2021 Massachusetts tax returns, individuals will be eligible for a $500 payment if their income from employment was at least $13,500 and their total income put them below 300% of the federal poverty level.
What is the income limit for MassHealth 2022?
2022 MassHealth Income Standards and Federal Poverty Guidelines
| Family Size | MassHealth Income Standards | 130% Federal Poverty Level |
|---|---|---|
| Monthly | Yearly | |
| 1 | $522 | $17,676 |
| 2 | $650 | $23,808 |
| 3 | $775 |
What is the richest town in MA?
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 billionaires 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.