Everything You Need to Know About the City of Boston Massachusetts

In 2018, Boston, MA had a populace of 696k individuals with a median age of 32.1 and a median household income of $71,834. Between 2017 and 2018 the population of Boston, MA grew from 683,015 to 695,926, a 1.89% increase and its median household income grew from $66,758 to $71,834, a 7.6% increase.

The number of inhabitants in Boston, Massachusetts is 44.4% White Alone, 22.4% Black or African American Alone, and 20% Hispanic or Latino.  36.7% of the people in Boston, MA speak a non-English language, and 86.4% are U.S. citizens.

The largest universities in Boston, MA are Boston University (10,645 degrees awarded in 2017), Northeastern University (6,652 degrees), and University of Massachusetts-Boston (4,172 degrees).

The median property value in Boston, MA is $575,200, and the homeownership rate is 34.1%. Most people in Boston, MA commute by Drove Alone, and the average commute time is 30 minutes. The average vehicle proprietorship in Boston, MA is 1 vehicle for each household.


Education in Boston

In 2017, universities in Boston, MA awarded 42,430 degrees. The student populace of Boston, MA is slanted towards ladies, with 63,167 male students and 86,573 female students.

Most students graduating from Universities in Boston, MA are White (19,098 and 55.9%), followed by Asian (3,744 and 11%), Unknown (3,617 and 10.6%), and Hispanic or Latino (3,474 and 10.2%).

The largest universities in Boston, MA by the number of degrees awarded are Boston University (10,645 and 25.1%), Northeastern University (6,652 and 15.7%), and University of Massachusetts-Boston (4,172 and 9.83%).

The most popular majors in Boston, MA are General Business Administration & Management (3,067 and 7.23%), Registered Nursing (1,207 and 2.84%), and General Business (1,203 and 2.84%).

The median tuition costs in Boston, MA are $36,039 for private four-year colleges, and $13,503 and $32,660 respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Boston

The economy of Boston, MA employs 383k people and Boston has an unemployment rate of 3.1%. Boston has seen the job market increase by 4.3% in the course of the most recent year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%. The biggest businesses in Boston, MA are Health Care and Social Assistance (71,679 individuals), Educational Services (52,018 individuals), and Professional, Scientific, and Technical Services (51,529 individuals), and the highest paying industries are Management of Companies & Enterprises ($232,607), Finance & Insurance ($80,981), and Professional, Scientific, & Technical Services ($77,427).

Households in Boston, MA have a median yearly income of $71,834, which is more than the median yearly income of $61,937 over the whole United States. This is in comparison to a median income of $66,758 in 2017, which represents a 7.6% annual growth.


Tax Rates for Boston

– The Sales Tax Rate for Boston is 6.3%.

– The Income Tax Rate for Boston is 5.1%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Boston

– The average income of a Boston resident is $34,770 a year. 

– The Median household income of a Boston resident is $54,485 a year.