AnswerIn Boston, the median household income is $94,755. To rank in the top 20%, you need to earn more than $209,847. Top 5%: $616,000.
Median: $94,755 · Top 20%: $209,847 · Top 5%: $616,000
Source: US Census Bureau, American Community Survey 2023 5-Year Estimates
Boston income percentile [2026]
Where Boston, Massachusettshouseholds rank by income — sourced from the US Census Bureau's American Community Survey 2023 5-year estimates, covering roughly 663,972 residents.
In Boston, MA, the median household income is $94,755. The bottom 20% earns under $26,515; the top 20% threshold is $209,847; the top 5% starts at $616,000. Median rent is $2,093/month and the median home value is $710,400. A $100,000 household income ranks at roughly the 51th percentile locally.
Key stats for Boston
Income percentile breakpoints
- 20th percentile (bottom quintile)
- $26,515
- 40th percentile
- $70,316
- Median (≈ 50th–60th percentile)
- $122,516
- 80th percentile (top 20%)
- $209,847
- 95th percentile (top 5%) — estimated
- $616,000
Source: US Census Bureau, American Community Survey 2023 5-Year Estimates. City-level p60 is used as the “median-ish” row because ACS quintile upper limits bracket the household median near p60 for most big US cities. The Census Bureau top-codes its top-5% figure at $250,001 for high-income cities, so the 95th-percentile value here is estimated by fitting a Pareto tail to Boston's lower (un-top-coded) quintile breakpoints. Treat it as a modeled upper-tail benchmark, not a published ACS figure.
Local economic context
Boston runs on brains: the densest concentration of universities, teaching hospitals, and biotech labs in the world, wrapped in a financial-services old guard. Kendall Square in Cambridge — a single square mile across the river — houses Moderna, Vertex, Biogen, and the R&D outposts of nearly every major pharma company, and it has dragged scientist and biotech-engineer comp into genuine top-decile territory. The hospital system (Mass General Brigham, Boston Children's, Dana-Farber) is among the region's largest employers. Finance is the other anchor: Fidelity and State Street headquarter here, alongside a thick layer of asset management and the Liberty Mutual insurance complex. Add HubSpot, Wayfair, and the academic payrolls of Harvard and MIT, and you get a city where a graduate degree is closer to the median than the exception. Massachusetts taxes income at a flat 5%, but a 2023 ballot measure added a 4% surtax on income over $1M — the 'millionaires tax' — which is the relevant fact for the very top of the distribution. Housing is brutally tight: the city's colonial-era footprint and restrictive zoning keep supply low, so a 3BR single-family in a good suburban school district (Newton, Brookline, Lexington, Arlington) runs $900K–$1.5M, and a condo in the South End or Back Bay clears $1M easily. A 1BR rental asks $2,800–$3,200, propped up by a permanent churn of students and residents. Commute reality is the MBTA — 'the T,' the oldest subway in America, with the Red, Green, Orange, and Blue lines and a commuter-rail network that is reliable until, abruptly, it isn't — plus the I-93/Storrow Drive crawl and the Mass Pike tolls. The cost-of-living caveat: BEA RPP for the Boston metro runs near 110–112% of national, with housing the dominant driver. A $200K household here is comfortable but rents or buys a condo, not a house, inside the city.
What this income feels like
Top 20% in Boston is a two-professional household — one in biotech or a hospital, one in finance or academia — renting a Back Bay condo or stretching for a fixer 3BR in Arlington or West Roxbury. You take the T and curse it seasonally, you pay the 5% flat tax without much drama until your equity vests into the millionaire surtax, and you treat a Cape Cod summer week as the annual reward. Childcare runs $2,400–$3,000/month and the daycare waitlists start before the baby does. The accent jokes are real; the property scarcity is more real.
Top 20% reality check
- A graduate degree is close to table stakes — Boston's top quintile is unusually credential-heavy, skewed toward biotech PhDs, physicians, and finance professionals.
- Massachusetts' flat 5% income tax is gentle until you cross $1M, where the 2023 'millionaires surtax' adds 4% on the excess — a real consideration for equity-heavy years.
- A $200K household clears the top 20% but buys a condo, not a house, inside Route 128 — the detached single-family in a top school town starts near $1M.
Cost-of-living reality
The median gross rent in Boston is $2,093/month, or roughly 26.5% of the median household income on an annualized basis. The national rent-burden average is about 30%, and anything north of that is treated as rent-burdened by HUD. Boston's median home value is $710,400, a price-to-income ratio of 7.5× — healthy markets run 3–4×, expensive coastal markets routinely exceed 6×. Mean one-way commute is 30.2 minutes, which compounds the real cost of living here for anyone not working remote.
Nearby cities
Boston community discussions
Local subreddits where cost-of-living and income questions get answered by residents. External links, open in a new tab.
Frequently asked questions
What is a good income in Boston?
In Boston, MA, the median household income is $94,755. Earning above $122,516 puts you in the top 40%, and clearing $209,847 places you in the top 20%. A "good" income depends on household size and housing choice, but $209,847 is a useful upper-middle-class threshold for this city.
How does Boston's median income compare to the US?
Boston's median household income of $94,755 is about 20.6% higher than the US median of $78,538 (ACS 2023 5-year, matched to the city vintage). Raw comparisons understate local cost-of-living; Boston's median rent of $2,093 and median home value of $710,400 are the relevant offsets.
What percentile is $100K in Boston?
A household income of $100,000 ranks at roughly the 51th percentile in Boston. That is interpolated from the local ACS quintile breakpoints: p20 $26,515, p40 $70,316, p60 $122,516, p80 $209,847, p95 $616,000.
Is Boston expensive to live in?
Median gross rent in Boston is $2,093/month, which is 26.5% of the median household income on an annualized basis — compared to the national rent-burden average of about 30%. The median home value is $710,400, a price-to-income ratio of 7.5× (healthy markets run 3-4×, expensive markets 6×+).
How is this calculated?
Figures come from the US Census Bureau's American Community Survey (ACS) 2023 5-year estimates for Boston, Massachusetts. Income percentiles are city-level approximations derived from ACS B19080 household income quintile upper limits, interpolated from the local median and distribution. Rent burden uses B25071 (median gross rent as % of household income) and mean commute uses B08303.
Methodology & data sources
Calculations on this page use published benchmarks from US federal statistical agencies. Percentile breakpoints are interpolated linearly between published cells. Figures are in current-year USD unless noted. Numbers are educational estimates, not personalized financial advice.