Quick facts: East boston, MA

Quick Facts

115.8
Cost of Living
above US average
40,508
Population
39.5
Crime Rate per 1000
above US average
$61,811
Median Income
below US average
$679,900
Median House Price
above US average
$3169.4
Average Rent
above US average
13%
Poverty Rate
above US average
4.8%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,811.

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Income Needed to Buy

βœ— Stretch
$213k/year
Based on $679,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $213k vs median $61,811
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Income Needed to Rent

⚠ Stretch
$136k/year
Based on $3169.4/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $136k vs median $61,811
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for East boston, MA

East Boston, often referred to as "Eastie," is a vibrant neighborhood in Boston, Massachusetts, situated on the Boston Harbor across from downtown. Known for its diverse community and rich maritime history, East Boston is characterized by a mix of residential areas, parks, and waterfront views. The neighborhood features an array of restaurants offering various international cuisines, reflecting its multicultural population, particularly strong in Italian and Latino influences. Recreational opportunities abound, with several parks like Piers Park and Bremen Street Park, which provide waterfront access and beautiful views of the skyline. The area is also home to Logan International Airport, which adds to its accessibility, making it a bustling hub for travel and trade. East Boston has seen significant development and gentrification, leading to new businesses and housing while still retaining its historic charm. The Blue Line of the subway connects East Boston to downtown, enhancing its appeal for commuters. Overall, East Boston is a dynamic neighborhood that perfectly blends urban life with coastal charm.

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