Cost of Living: Melrose, MA vs Boston, MA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,224/mo in Melrose, MA versus $4,224/mo in Boston, MA. In the model, rent is about 28.17% of gross in Melrose, MA versus 30.5% in Boston, MA, so Melrose, MA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Melrose, MA and Boston, MA.
At a glance
- Cheaper overall (lower cost-of-living index): Melrose, MA
- Lower rent (median 1BR/2BR): Melrose, MA
- Lower home prices: Boston, MA
- Higher median household income: Melrose, MA
Cost of Living Index
Melrose, MA: 100 (U.S. = 100) · Boston, MA: 156.3 (U.S. = 100)
Melrose, MA has a lower cost-of-living index than Boston, MA, so a given salary generally stretches further there.
Median Rent
Melrose, MA: $1,837/mo (midpoint of 1BR/2BR) · Boston, MA: $1,989/mo
Median rent in Boston, MA is $152/mo higher than in Melrose, MA.
Median Home Price
Melrose, MA: $796,100 · Boston, MA: $710,400
Median home price in Melrose, MA is $85,700 higher than in Boston, MA.
Median Household Income
Melrose, MA: $126,854 · Boston, MA: $94,755
Melrose, MA has a higher median household income than Boston, MA by $32,099.
Melrose, MA overview · Boston, MA overview · Popular comparisons