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Salary Information for a Finance Management in Boston, MA

Median salary: $211,320

This data reflects Total Cash for a Level 5 Finance Management at a mid-size company. To get more detailed information on total compensation for the role of Finance Management in Boston, MA, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

$188,550
25th percentile
$211,320
50th percentile
$228,510
75th percentile

Behind the numbers

What is the adjusted total comp for a Finance Management in Boston, MA?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

$211,320

83.4

$253,381

$718,233

Total Comp (TC)

$211,320

Cost of Living (COL) Index
83.4
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Finance Management in Boston, MA?

Manages Finance staff, from hiring to development of team members to drive success of the team/department/function.

What are the characteristics of a level 5 Finance Management?

A level 5 Finance Management in Boston, MA works directly with leadership team (and sometimes executive staff in smaller organizations) to establish strategic plans and objectives.

Finance Management

Benchmark Role

Management

Job Type

Finance

Job Family

Business

Job Area

Quality of Life in Boston, MA for an Income of $211,320

Living in Boston, Massachusetts, with an income of $211,320 offers a distinct quality of life influenced by the city's unique cost of living, housing market, and access to amenities compared to the rest of the United States.

Cost of Living

  • Cost Comparisons: Boston's cost of living is significantly higher than the national average.

    • Essentials such as groceries, utilities, and transportation are priced above average.
    • Dining out and entertainment options are plentiful but can be costly.
  • Budget Allocation: Given the higher income bracket, managing expenses becomes feasible.

    • A comfortable budget allows for discretionary spending on leisure and travel.
    • Savings potential is solid, though slightly less compared to cities with lower living costs.

Housing Market

  • Home Prices:

    • The median home price in Boston is considerably higher than the national median.
    • Housing demand remains strong, leading to competitive pricing and limited availability.
  • Rental Options:

    • Renting can be a viable option, offering diverse choices from modern luxury apartments to historic homes.
    • Rental prices are reflecting the overall high demand, often higher compared to national averages.

Quality of Life

  • City Amenities:

    • Boston offers a rich cultural scene with museums, theater, and music.
    • Access to diverse dining options and outdoor activities enhances lifestyle quality.
  • Commute and Transportation:

    • The city’s public transportation system is effective, making commuting manageable.
    • Traffic can be congested; however, the proximity of amenities reduces daily commute times.

Access to Healthcare

  • Healthcare Facilities:

    • Boston is renowned for its world-class healthcare and numerous hospitals.
    • Access to top-tier medical care is a significant advantage for residents.
  • Insurance and Costs:

    • While healthcare quality is high, insurance and medical costs are also elevated.
    • The high salary allows for comprehensive insurance coverage, mitigating costs.

Quality of K-12 Schools

  • Public Education:

    • Boston’s public schools range in quality, with some offering robust academic programs.
    • Specialized schools and programs for gifted students are available.
  • Private and Charter Schools:

    • Numerous private and charter school options offer excellent education, though often with substantial tuition fees.
    • High income facilitates access to these premium educational opportunities.

Summary of Assessment

An

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OpenComp aggregates multiple data sources to provide accurate salary data for Boston, MA, specifically for a Level 5 Finance Management. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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