---
title: How Much Do I Need To Make To Buy In Boston?
description: Based on the most recent market stats, find out what you need to make to buy the average home in the Boston area... and some current listings at that price.
---

[CHARLESGATE Blog ](https://www.charlesgate.com/blog)

# [How Much Do I Need To Make To Buy In Boston?](https://www.charlesgate.com/blog/2015/12/08/how-much-do-i-need-to-make-to-buy-in-boston)

 Written by [Michael DiMella](https://www.charlesgate.com/blog/author/michael-dimella) | Dec 8, 2015 5:00:00 AM

A new report was just released by [HSH.com](http://www.hsh.com/finance/mortgage/salary-home-buying-25-cities.html#boston) outlining the amount a person would need to make in order to afford the mortgage, taxes, and insurance on a standard home in a variety of markets across the US. According to recent market stats, the average home price in Boston metro is $449,000. At 20% down, this equals a monthly mortgage payment of $2,165.26.

Adding in additional taxes and expenses, this equates to a salary of $92,796.90.

By most analysis, including this one by HSH, a person can spend 28 – 32% of their income on housing. This rate would put the expense towards the lower end of the scale at 28%. Boston ranks just about double the national average of $229,000 where one would need just under $53,000 at this same level.

# Where Can I Buy?

Looking at the average price of $449,000, we [jumped on the MLS](http://www.livecharlesgate.com/) to show you a few options of what you can buy in different Boston neighborhoods.

## South End

Located at 8 Douglas Park, this 2 bed, 1 bath condo is 1,150 square feet for $430,000. [Find out more.](http://www.livecharlesgate.com/homes/8-Douglas-Park/Boston/MA/02118/53158799/)

<http://www.livecharlesgate.com/homes/8-Douglas-Park/Boston/MA/02118/53158799/>

## Brookline

This 650 square feet condo features 1 bed and 1 bath in a central Brookline location. [Find out more.](http://www.livecharlesgate.com/homes/1056-Beacon-St/Brookline/MA/02446/56373646/)

<http://www.livecharlesgate.com/homes/1056-Beacon-St/Brookline/MA/02446/56373646/>

## Milford

This stunning home in Milford features 2 beds and 2 baths with over 1,600 sq ft of living space. [Find out more.](http://www.livecharlesgate.com/homes/57-Walden-Way/Milford/MA/01757/57317056/)

<http://www.livecharlesgate.com/homes/57-Walden-Way/Milford/MA/01757/57317056/>

## South Boston

Priced at $449,900, this O Street condo features over 700 square feet of living and is just one block to the beach. [Find out more.](http://www.livecharlesgate.com/homes/159-O-St/Boston/MA/02127/57646454/)

<http://www.livecharlesgate.com/homes/159-O-St/Boston/MA/02127/57646454/>

<http://cta-redirect.hubspot.com/cta/redirect/949/1583f21f-5ce8-4b4a-afe1-47c622ec4cff>

[View full post](https://www.charlesgate.com/blog/2015/12/08/how-much-do-i-need-to-make-to-buy-in-boston)

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