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Answering this question isn’t exactly easy. It will depend on what you deem to be expensive. In many Boston neighborhoods, you do get what you pay for. The more expensive neighborhoods usually feature better restaurants, better shopping and easier access to the city. However, this isn’t always the case.

In addition to getting what you pay for, you’d have to take the cost of living in Boston and compare it to other big cities, such as New York City and Chicago. Of course, then you have to factor in the differences and it can get all kinds of complicated.

Instead of going into the complicated to figure out the answer to the question, is it expensive to live in Boston, let’s look at what you might be able to do to make it a bit more affordable.

The Cost of Living in Boston

Before we get into a few tips to help make living in Boston more affordable, we need to look at the cost of living in Boston. According to, you would need nearly a six-figure income to buy a home in Boston. The actual figure they came up with is $98,518.71 per year. The same article stated that the median home price in Boston is $464,900 and it increases at a rate of 6.68% every year. This leaves those looking to buy a home in Boston with an average mortgage payment of nearly $2,300!

However, the same article sited that five other metro areas are more expensive than Boston. These include San Diego, San Francisco, San Jose, Los Angeles and New York City.

How to Make Living in Boston More Affordable

Living in Boston

Typically, it’s expensive to live in Boston. However, the city is known for highly ranked schools, tons of good jobs, world-class hospitals and a number of entertainment options. It’s one of the most popular cities in the country, but can you really find a way to afford to live in Boston?

Consider a Suburb

You don’t have to live directly in Boston to enjoy the city. Choosing one of the many suburbs within commuting distance is one of the easiest ways to allow your dollar to stretch a bit further. In addition, many of the suburbs of Boston have public schools found at the top of the list in the state.

The further you go away from the city, the more affordable it will become, in most cases. Having the help of a skilled Boston real estate agent will likely lead you to the right Boston suburb to call home.

Don’t Just Look at New Homes

One of the mistakes many make when they consider moving to Boston is looking only at new homes. There is a huge stock of older home in Boston and you can score a deal if you know what to look for. Some have already been remodeled, while others may need a bit of work. Even homes built decades ago can be just as sturdy, if not more sturdy, than some of the new construction properties popping up.

Pay Attention to Property Taxes

When you look at the different suburbs of Boston, the property taxes can vary quite a bit. Make sure you look at the taxes you will pay, as it could be a deciding factor.

Boston may have a high cost of living and may be expensive, but it doesn’t have to mean you can’t move here. The suburbs can be more affordable and it’s possible to find a way to afford a home in Boston. Work with a skilled real estate agent and lender to ensure you find the very best home for you and you get the best deal possible.

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