Salary vs rent · Boston
$150,000 salary in Boston: how much rent can you afford?
On $150,000/year your monthly take-home budget (gross) is $12,500/month. The median rent in Boston is $2,900, which would take 23.2% of your income — Comfortable.
Your monthly rent budget
Rent landscape in Boston
$1,700
13.6% of your salary
Budget rent
$2,900
23.2% of your salary
Typical rent
$4,800
38.4% of your salary
High-end rent
Renters in Boston typically spend 25–45% of income on rent. At $150,000/year, you have good room to cover the median rent comfortably.
Data confidence: medium · US Census ACS 2023 + Greater Boston Housing Report Card · 2023–2024
Frequently asked questions
How much rent can I afford on $150,000/year in Boston?
On $150,000/year ($12,500/month), a comfortable rent budget at 30% of gross income is $3,750/month. At the stricter 25% threshold, you should aim for no more than $3,125/month. Median rent in Boston is $2,900/month.
Is $150,000/year a good salary in Boston?
$150,000/year compares to a Boston median household income of around $91,579/year. At this salary, median Boston rent ($2,900/month) would take 23% of gross income — within the 30% guideline.
What percentage of salary should go to rent in Boston?
Financial advisors typically recommend spending no more than 30% of gross income on rent. In Boston, where the typical renter spends 34% of income on rent, many residents find the 30% target difficult to achieve. On $150,000/year, keeping rent at 30% means a maximum of $3,750/month.
Other salaries in Boston