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Boston-Cambridge-Quincy, MA vs Boston-Cambridge-Quincy, NH
A 2-bedroom in Boston-Cambridge-Quincy costs $0 less per month than Boston-Cambridge-Quincy ($2,941 vs $2,941). Median income is $112,484 in Boston-Cambridge-Quincy and $112,484 in Boston-Cambridge-Quincy. That's a difference of $0 per year in housing costs.
Side-by-Side Comparison
| Metric | Boston-Cambridge-Quincy | Boston-Cambridge-Quincy |
|---|---|---|
| Studio FMR | $2,359 | $2,359 |
| 1BR FMR | $2,476 | $2,476 |
| 2BR FMR | $2,941 | $2,941 |
| 3BR FMR | $3,526 | $3,526 |
| 4BR FMR | $3,894 | $3,894 |
| Median Income | $112,484 | $112,484 |
| Rent Burden | 31.4% | 31.4% |
| Actual Median Rent | $1,940 | $1,940 |
| Median Home Value | $610,900 | $610,900 |
| Population | 4.9M | 4.9M |
| Renter % | 38.2% | 38.2% |
| Vacancy Rate | 5.9% | 5.9% |
| Poverty Rate | 8.9% | 8.9% |
| YoY Change | +4% | +4% |
| Min Wage | $15.00/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Boston-Cambridge-Quincy, MA
Annual Income Needed
$117,640
Hourly Wage Needed
$57/hr
Min Wage Work Hours/Week
150.8 hrs
at $15.00/hr (MA min wage)
Boston-Cambridge-Quincy, NH
Annual Income Needed
$117,640
Hourly Wage Needed
$57/hr
Min Wage Work Hours/Week
312 hrs
at $7.25/hr (NH min wage)
Frequently Asked Questions
Both areas have the same 2-bedroom Fair Market Rent of $2,941/mo.
A 2-bedroom in Boston-Cambridge-Quincy, MA costs $2,941/mo at Fair Market Rent, while in Boston-Cambridge-Quincy, NH it's $2,941/mo, a difference of $0/mo or $0/year.
To afford a 2BR without spending more than 30% of income on rent: Boston-Cambridge-Quincy requires $117,640/year ($57/hr). Boston-Cambridge-Quincy requires $117,640/year ($57/hr).
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