Quality of Life Assessment in Boston, MA

Income Overview:

• Annual Salary: $153,090
• Comparison to U.S. Median Income: Significantly higher (U.S. median household income was approximately $70,000 in 2023)

Cost of Living

General Cost of Living:

• Boston's cost of living is higher than the national average.
• Significant factors:
  • Housing
  • Healthcare
  • Transportation
• Consumer prices, dining, and groceries are also above national averages.

Housing Market:

• Median Home Price: Approximately $765,000
• U.S. Median Home Price: Around $416,100
• Housing affordability is a major consideration, as home prices in Boston are nearly double the national average.

Quality of Life

Living Conditions:

• High income allows for comfortable living, but housing affordability is challenging.
• Access to cultural, educational, and recreational activities enhances quality of life.
• Public transportation availability, but costs are relatively high.

Access to Healthcare:

• Boston is known for its world-class healthcare facilities.
• Availability of top-tier hospitals and specialists.
• Health insurance premiums and out-of-pocket costs are high compared to other regions.

Quality of K-12 Schools:

• Boston Public Schools: Mixed reputation; many strong programs and advanced learning opportunities.
• Availability of prestigious private and charter schools.
• The high cost of private education can add to living expenses.

Summary of Assessment

For someone earning $153,090 annually, living in Boston provides access to outstanding amenities, healthcare, and educational opportunities. These benefits are counterbalanced by a high cost of living, particularly in housing. Given the substantially higher earning potential and varied lifestyle offerings, the quality of life can be high for individuals and families who manage their expenses carefully.