This Is the Minimum Salary You Need to Have a 1-Bedroom Apartment in Boston - NECN


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This Is the Minimum Salary You Need to Have a 1-Bedroom Apartment in Boston



    See What $1 Million Gets You For Homes Across Boston

    We took a look at some luxury homes across the city to see what you gain, and what you give up, depending on where you look. (Published Thursday, Feb. 8, 2018)

    Want to live in Boston without a roommate? Depending on your salary, that could just be a fantasy.

    Renting a one-bedroom Boston apartment that came furnished would require someone to earn about $78,480 a year, or $6,540 a month, according to a new survey by Nestpick, which determined that someone would spend about 29 percent of their income on rent based on a UK housing study.

    A one-bedroom apartment that's not furnished isn't cheap, either. Nestpick determined it a renter spending 29 percent of his or her salary would need a minimum salary of $59,304 a year, or $4,942 a month, for digs.

    The study determined the average rent for a furnished one-bedroom apartment in Boston is $1,897 and the average rent for an unfurnished one-bedroom apartment is $1,433.

    Survivor of Santa Fe HS Shooting: 'I Was Scared for My Life'

    [NATL] Survivor of Santa Fe High School Shooting: 'I Was Scared for My Life'

    Dakota Shrader, a student from Santa Fe High School, describes what happened when shots were fired during her morning history class. Multiple people died during the shooting.

    (Published Friday, May 18, 2018)

    The median salary for Americans is $44,148 a year, according the Bureau of Labor Statistics; in Boston, the median salary comes out to $48,672 per year.

    The report placed Boston as one of most expensive in the world, falling just behind San Francisco, New York and London, respectively.

    Click here for the full index report.

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