Quick Answer: Is Boston Cheaper Than NYC?

Why is Boston so expensive?

in Boston, said Boston is so expensive because the demand for housing is much greater than the supply.

The high demand is the result of all of the universities, hospitals and industry in Boston.

“The supply is limited and that is what drives the prices up,” he said..

How much do I need to make to live in NYC?

To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.

What is the most expensive city to live in USA?

New York City, New York. New York City leads the pack as the most expensive city in the United States. … San Francisco, California. … Honolulu, Hawaii. … Boston, Massachusetts. … Washington, D.C. … Oakland, California. … San Jose, California. … San Diego, California.More items…•

Is Boston an expensive city?

Boston is one of the 10 most expensive places in the United States to rent or buy a home, according to a company that recently crunched the numbers. … Boston ranked as the second most expensive city to own a home, beating out even New York City, with costs averaging $742.20 per square foot.

What is a livable salary in Boston?

Living Wage Calculation for Boston-Cambridge-Newton, MA1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenLiving Wage$16.74$20.41Poverty Wage$6.00$6.19Minimum Wage$12.00$12.00

What is the most dangerous city in New York?

BuffaloA new poll has put Buffalo in the top spot as the most dangerous city in New York State.

What is the most expensive thing in the world?

What are some of the most expensive things in world today?Graff Diamonds Hallucination Watch – USD 55 million. … 1963 Ferrari 250 GTO – USD 70 million. … Bluefin Tuna – USD 3.1 million. … Antilia, Mumbai – USD 1-2 billion. … Manhattan Parking Spot – USD 1 million. … Leonardo da Vinci’s Salvator Mundi – USD 450 million. … Pasion Azteca, Platinum Liquor Bottle – USD 3.5 million.More items…•

What is the most expensive state to buy a house?

HawaiiHere are the 10 states where the average home value is the highest in the United States, starting with the most expensive: Hawaii: Not only does Hawaii have the highest median home value at $646,733, it also has the most expensive bottom-tier value, coming in an average of $380,055.

Why is rent so high in Boston?

There are myriad reasons for why Boston rents are so comparatively high. That low supply relative to demand is probably the most significant one (and there are a few reasons for that). Zoning regs in the city and its neighbors is another. The proportion of people in the city who can afford such rents is a reason too.

Is 60k a good salary in Boston?

You can live comfortably outside of Boston proper (Boston proper is within the city limits, not a suburb like Newton or Cambridge) on 60k a year. … The housing costs in Boston are some of the highest in the country, and you can reasonably expect to spend 50% of your check or more on rent.

Is La cheaper than New York?

While Los Angeles ranks as a bit less expensive than New York City in the majority of the categories, it’s 31% more expensive when it comes to transportation, 16% more expensive for personal care, and 1% more expensive for recreation. … New York City, the most expensive city in the US.

Is 200k a good salary in NYC?

Your annual salary of $200,000 would end up being about $96.15 per hour. You’d live pretty good in NYC in fact you’d be able to live in almost every neighborhood in NYC. Rent average from 1,500 a month if you are lucky to 4,000 and higher but you could most likely buy an apartment with that kind of salary.

Can you live in Boston on 50k?

At only 50k you could get an apartment by yourself but it would have to be outside Boston. You may be able to get that in Quincy, Braintree, Malden, Medford, revere, Chelsea. No student loans or any other debt? You’ll be more or less OK, though you most definitely won’t be living it up.

What is the most dangerous part of New York City?

These neighborhoods have the highest rates of violent crime per capita across New York City:Vinegar Hill (Brooklyn)Downtown Brooklyn (Brooklyn)Theatre District / Times Square (Manhattan)Meatpacking District (Manhattan)Koreatown (Manhattan)Port Morris (Bronx)Garment District (Manhattan)More items…

What city has the lowest cost of living?

10 cities with the lowest living costsEl Paso, TX.Lincoln, NE.Toledo, OH.Wichita, KS.Louisville, KY.Tulsa, OK.Memphis, TN.Lexington, KY.More items…•

Why is NYC so expensive?

New York City has a reputation for being one of the most expensive cities in the world. New York City’s high cost of living is due to its booming economy and large job market across a variety of industries. Rents in the city are reaching historic rates and 1.5 million New Yorkers are living in poverty.

Is Boston or New York more expensive?

New York City is one of the in America, but new data suggests Boston is starting to close the gap. … Yet the study also revealed that the second most-expensive neighborhood is in Boston’s Seaport District, with asking prices higher than those in New York’s Chelsea neighborhood, at $2,019 per square-foot.

Is Boston or NYC safer?

According to a study done by the FBI, Boston is the second safest city in the U.S. … New York City reported around 16,000 burglaries in the past year however, since its population has over 1,000,000 people in the city it is actually considered a metropolis and is therefore not technically a city.