New York is one of the most expensive cities to live in the US, but data show Boston is catching up—heres why. Yet the study also revealed that the second most-expensive neighborhood is in Bostons Seaport District, with asking prices higher than those in New Yorks Chelsea neighborhood, at $2,019 per square-foot.

Is Boston or New York more expensive?

The cost of living in New York, NY is 19.5% higher than in Boston, MA. You would have to earn a salary of $71,695 to maintain your current standard of living. Employers in New York, NY typically pay 6.8% more than employeers in Boston, MA.

Is Boston cheaper than NYC?

NYC? New York City is more expensive than Boston. Both cities made to the top list of the United States most expensive city. Boston real estate is expensive already, but New York is skyrocketing.

What is the cheapest city in the US?

The 10 most affordable cities in the USEl Paso, Texas. City population: 679,813. Wichita, Kansas. City population: 389,877. Lexington, Kentucky. City population: 323,152. Little Rock, Arkansas. City population: 197,958. Tulsa, Oklahoma. City population: 402,324. Memphis, Tennessee. Knoxville, Tennessee. Austin, Texas.More items •Jul 23, 2021

What is the cheapest city in America to live in?

Here are the top 10 most affordable cities to live in the U.S., according to the Council for Community and Economic Researchs Cost of Living report.Cedar Park, Texas.Midland, Texas.Ogden, Utah.Raleigh, North Carolina.Provo, Utah.Des Moines, Iowa.Austin, Texas.Minneapolis, Minnesota.More items •Jul 28, 2021

What is a good salary Boston?

If youre moving to Boston, you should have a household income of $120,900. Of course, this figure can scale up or down depending on the number of bedrooms you need. Once again, the $120,900 income figure is based on a 2-bedroom apartment with a monthly rent of $2,900 per month.

What is considered rich in Boston?

Boston. To be wealthy, you need a net worth of $2.4 million. Thats about 25 times the actual median net worth of U.S. households.