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salary information

Salary Information for a Product Manager in Boston, MA

Median salary:

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

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Product Manager in Boston, MA?

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

83.4

Total Comp (TC)

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

Median Home Price

What are the responsibilities of a Product Manager in Boston, MA?

Sets the strategy, roadmap, and feature definition for a product or product line using deep product expertise make strategic product decisions. Analyze market and competitive conditions, laying out a product vision that is differentiated and delivers unique value based on customer demands.

What are the characteristics of a level 5 Product Manager?

A level 5 Product Manager in Boston, MA possesses a wide range of experience, and is looked to as a thought leader. Their work affects design, quality and timeline of entire product or service. Average experience 11 years.

Product Manager

Benchmark Role

Individual Contributor

Job Type

Product Management

Job Family

Technology

Job Area

Quality of Life in Boston, MA

Overview

Boston, MA, is known for its rich history, cultural diversity, and vibrant educational and healthcare sectors. A salary of $214,650 is considered high relative to the broader U.S. average income, offering a comfortable lifestyle in Boston despite the city's relatively high cost of living.

Cost of Living

  • Comparison to National Average: The cost of living in Boston is significantly higher than the national average, driven by high housing costs, transportation, and day-to-day expenses.
  • Groceries and Dining: Expect higher prices for groceries and dining out compared to smaller cities or less populated states.
  • Utilities and Transportation: Utility costs are moderate, but transportation can be expensive, especially with parking and public transport fees.

Housing Market

  • Home Prices: The median home price in Boston is much higher than the national average, making homeownership a significant financial consideration.
  • Renting vs. Buying: Renting is a common choice, with rental prices also being above the national average. However, given a high income, comfortable renting options are accessible.
  • Neighborhood Variety: Boston offers diverse neighborhoods, each with distinct characteristics and price points, allowing for flexibility in choosing a suitable living area.

Quality of Life

  • Cultural and Recreational Opportunities: Boston offers a thriving cultural scene with museums, theaters, and historical landmarks. Outdoor activities are plentiful with parks and waterfronts.
  • Safety and Environment: Considered a safe city with a focus on maintaining clean and green public spaces, enhancing residents' overall well-being.
  • Community and Diversity: A diverse population contributes to a rich tapestry of cultures and communities, providing varied experiences and enriching personal growth.

Access to Healthcare

  • Healthcare Excellence: Boston is home to some of the nation's leading hospitals and medical research centers, offering top-notch healthcare services.
  • Insurance and Costs: Healthcare costs are on the higher side; having comprehensive insurance is advisable to mitigate out-of-pocket expenses.
  • Specialized Care: Easy access to specialized medical services contributes positively to the overall quality of life.

Quality of K-12 Schools

  • Public School System: Boston Public Schools offer a range of programs with varying quality. Some are highly rated, while others may require improvement.
  • Private and Charter Schools: The city hosts several prestigious private and charter schools, providing quality options for K-

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OpenComp aggregates multiple data sources to provide accurate salary data for Boston, MA, specifically for a Level 5 Product Manager. 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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