Discretionary Income in Boston, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Boston, MA is ranked 326th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Boston, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$6,060
Discretionary Income
$668
With a gross annual salary of $100,000 in Boston, MA, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Boston is $6,060, you would have around $668 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Boston, MA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Boston, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Boston, MA |
|---|---|
| $30,000 | -$3,828 |
| $40,000 | -$3,136 |
| $50,000 | -$2,445 |
| $60,000 | -$1,765 |
| $70,000 | -$1,157 |
| $80,000 | -$548 |
| $90,000 | $60 |
| $100,000 | $668 |
| $110,000 | $1,275 |
| $120,000 | $1,867 |
| $130,000 | $2,459 |
| $140,000 | $3,050 |
| $150,000 | $3,642 |
| $175,000 | $5,121 |
| $200,000 | $6,573 |
| $250,000 | $9,186 |
| $300,000 | $11,686 |
| $350,000 | $14,186 |
| $400,000 | $16,686 |
| $450,000 | $19,186 |
| $500,000 | $21,686 |
Discretionary Income in Boston, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Boston, MA is ranked 325th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Boston, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$4,051
Discretionary Income
$2,678
With a gross annual salary of $100,000 in Boston, MA, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Boston is $4,051, singles would have around $2,678 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Boston, MA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Boston, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Boston, MA |
|---|---|
| $30,000 | -$1,819 |
| $40,000 | -$1,127 |
| $50,000 | -$436 |
| $60,000 | $244 |
| $70,000 | $853 |
| $80,000 | $1,461 |
| $90,000 | $2,069 |
| $100,000 | $2,678 |
| $110,000 | $3,285 |
| $120,000 | $3,876 |
| $130,000 | $4,468 |
| $140,000 | $5,060 |
| $150,000 | $5,651 |
| $175,000 | $7,130 |
| $200,000 | $8,583 |
| $250,000 | $11,195 |
| $300,000 | $13,695 |
| $350,000 | $16,195 |
| $400,000 | $18,695 |
| $450,000 | $21,195 |
| $500,000 | $23,695 |
Discretionary Income in Boston, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Boston, MA is ranked 325th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Boston, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$6,036
Discretionary Income
$692
With a gross annual salary of $100,000 in Boston, MA, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Boston is $6,036, couples would have around $692 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Boston, MA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Boston, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Boston, MA |
|---|---|
| $30,000 | -$3,804 |
| $40,000 | -$3,112 |
| $50,000 | -$2,421 |
| $60,000 | -$1,741 |
| $70,000 | -$1,133 |
| $80,000 | -$524 |
| $90,000 | $84 |
| $100,000 | $692 |
| $110,000 | $1,299 |
| $120,000 | $1,891 |
| $130,000 | $2,483 |
| $140,000 | $3,074 |
| $150,000 | $3,666 |
| $175,000 | $5,145 |
| $200,000 | $6,597 |
| $250,000 | $9,210 |
| $300,000 | $11,710 |
| $350,000 | $14,210 |
| $400,000 | $16,645 |
| $450,000 | $19,061 |
| $500,000 | $21,478 |
Discretionary Income in Boston, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Boston, MA is ranked 324th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Boston, MA
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$5,834
Discretionary Income
$1,156
With a gross annual salary of $100,000 in Boston, MA, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Boston is $5,834, single parents would have around $1,156 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Boston, MA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Boston, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Boston, MA |
|---|---|
| $30,000 | -$3,535 |
| $40,000 | -$2,833 |
| $50,000 | -$2,141 |
| $60,000 | -$1,450 |
| $70,000 | -$758 |
| $80,000 | -$66 |
| $90,000 | $547 |
| $100,000 | $1,156 |
| $110,000 | $1,764 |
| $120,000 | $2,366 |
| $130,000 | $2,958 |
| $140,000 | $3,549 |
| $150,000 | $4,141 |
| $175,000 | $5,620 |
| $200,000 | $7,099 |
| $250,000 | $9,744 |
| $300,000 | $12,249 |
| $350,000 | $14,749 |
| $400,000 | $17,249 |
| $450,000 | $19,749 |
| $500,000 | $22,249 |
Discretionary Income in Boston, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Boston, MA is ranked 328th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Boston, MA
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$8,319
Discretionary Income
-$1,089
With a gross annual salary of $100,000 in Boston, MA, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Boston is $8,319, families would have around -$1,089 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Boston, MA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Boston, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Boston, MA |
|---|---|
| $30,000 | -$5,963 |
| $40,000 | -$5,255 |
| $50,000 | -$4,547 |
| $60,000 | -$3,856 |
| $70,000 | -$3,164 |
| $80,000 | -$2,472 |
| $90,000 | -$1,781 |
| $100,000 | -$1,089 |
| $110,000 | -$397 |
| $120,000 | $271 |
| $130,000 | $879 |
| $140,000 | $1,487 |
| $150,000 | $2,096 |
| $175,000 | $3,617 |
| $200,000 | $5,137 |
| $250,000 | $8,126 |
| $300,000 | $11,085 |
| $350,000 | $14,043 |
| $400,000 | $16,947 |
| $450,000 | $19,572 |
| $500,000 | $22,173 |
The assessments presented on this website, including those related to crime, safety, cost of living, and other location characteristics (e.g., states, cities, towns, villages, neighborhoods, areas, landmarks), are based on various sources and our internal research methods. These assessments are not guaranteed to be accurate or complete and should not be used as the sole basis for making any decisions.