Retire in Boston


Find out how much it costs to live in Boston.

Cost of Living

Kiplinger Rating:

Not Tax-Friendly

State Income Tax:

Social Security Tax?


County + State Sales Tax


Property Tax Rate *


Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *


* 2008-2010

Cost of Living Index (100=average):


Housing + transportation costs as % of income:


Tax Details

State Sales Tax Breaks for Seniors:


Pensions Taxed?


Tax burden: % income going to state and local taxes:


Inheritance and estate taxes (per Kiplinger):

Massachusetts has no inheritance tax. Estates valued at more than $1 million may be subject to an estate tax. Tax rates range from 0.8% for estates valued at $1 million to 16% for estates exceeding $10,040,000. There is an unlimited marital deduction for property left to a surviving spouse and an unlimited charitable deduction for property left to a qualified charity.\n

Taxing of other retirement income (per Kiplinger):


Property Tax Break for Seniors (per Kiplinger):

Massachusetts homeowners and renters who are 65 or older may qualify to claim a refundable tax credit on their state income taxes to offset real estate taxes paid during the year on their principal home. The taxpayer's total income cannot exceed $56,000 for a single filer, $70,000 for a head of household or $84,000 for taxpayers filing jointly. For homeowners, the value of the residence cannot exceed $691,000. For 2014, the maximum credit was $1,050.\n\nSome Massachusetts cities and towns offer a "senior citizen property tax work-off program," which allows seniors to do volunteer work for their local governments in exchange for a reduction in their property taxes. Senior homeowners age 60 or older must meet local program requirements to participate.\n


For more detailed tax information from Kiplinger, visit

Real Estate

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Work Potential

  • Area
  • National Average

5 Largest Companies

  • Massachusetts General Hospital
  • Brigham and Women's Hospital
  • Boston University
  • Children's Hospital, Boston
  • State Street Bank & Trust Co

GDP Growth Last 3 Years


Income Growth Last 3 Years


Employment Growth Last 3 Years


Top Industries Hiring

  • Professional, scientific, and technical services
  • Health care and social assistance
  • Other services (except public administration)
  • Accommodation and food services
  • Educational services

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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