Savings rate in Boston — are you on track?
Boston is a very high cost city. Boston median rent reached $2,800/month in 2023, driven by constrained supply and high student and professional demand. Boston's high income concentration masks wide inequality; mid-income earners face significant cost pressure.
Median rent
$2,800/mo
Boston 2023
Typical other costs
$2,000/mo
excl. housing
Savings benchmark
7–20%
mid-income USD
Pre-set for Boston — adjust to your situation
What a good savings rate looks like in Boston
Using data from BLS Consumer Expenditure Survey 2023, people at mid-range incomes in United States typically save between 7–20% of gross income. In a very high cost city like Boston, housing costs can compress that meaningfully — especially for renters.
Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.
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