MA · Rank 33 of 50 affordable
Can teachers afford to live in Massachusetts?
Tight, but workable.
The average Massachusetts teacher earns $93,554 per year. A typical 2-bedroom rents for about $2,400/mo, which is 31% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$93,554
Cost-of-Living Index
141.2
US avg = 100
Affordability Score
47/100
Renting in Massachusetts
2BR Rent / mo
$2,400
Annual Rent
$28,805
% of Salary
31%
Left after rent
$5,396/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Massachusetts
Median Home Price
$593,040
10% Down
$59,304
P&I (7%, 30yr)
$3,551/mo
Full PITI
$4,268/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.