Making six figures might make you feel rich, but if you live in a major city along the East or West Coast, it’s obvious that your dollar doesn’t go as far as it does in other parts of the country. Is $150,000 a good salary for living in Boston? No matter what city you live in, making $150k can be nice if you aren’t spending too much. Finances are a personal choice, but if you’re wondering whether your $150k salary goes far, here’s how much $150,000 a year is worth across America.
150k is a very good salary in Boston.
Boston is one of the most expensive cities in the United States, so it’s important to factor in the cost of living when considering whether or not you’re earning enough.
The average household income in Boston is $73,000 per year. In comparison, the average household income nationwide is $68,000 per year. So while 150k seems like a lot, it’s actually only slightly above average in Boston.
We also need to consider cost of living adjustments. The cost of living adjustment (COLA) for Boston is 8% higher than the national average—so that means you’d actually need to make about 18% more than $150k if you wanted to maintain your current standard of living once you moved here.
Is 150k a good salary in california
The average salary in California ranges from $45,000 to $120,000 a year.
A single person living in California can reasonably afford to live on $150,000 a year.
If you live in California, it’s not hard to make 150k and still have plenty of money left over. In fact, if you’re living in the Bay Area or San Francisco, the cost of living is so high that even making $150k a year won’t be enough to afford housing.
That said, there are still plenty of other places in California where you can live on 150k a year without breaking the bank. For example:
- Renting an apartment will run you about $2,000/month in Los Angeles or San Diego; about $1,800/month for a condo; about $1,600/month for an apartment with one bedroom and one bathroom; or about $1,200/month for a studio apartment with no bedrooms or bathrooms (just kitchen). This means that living alone will cost around $365-$480 per week—about $15-$20 per day—and sharing an apartment with someone else could save as much as 50% off those costs. If your friend has roommates who pay their share too then it might even be possible to rent somewhere nice out here without breaking the bank!
- Groceries typically cost between 20%-30% less than they do back home (depending on which city they’re from), while other staples like clothing tend to be more expensive due to import taxes levied by The People’s Republic Of China (which controls 98% of all imports into America). The good news is that these duties seem unlikely ever going away since they’re mostly used to fund public education initiatives such as free college tuition programs at universities nationwide (which many Americans desperately need right now).
We hope this guide gives you a better idea of what to expect if you’re making 150k in California. We know the state can be expensive, but with careful planning and some smart saving strategies, it’s possible to live comfortably here on just about any salary.