Quick facts: South boston, MA

Quick Facts

119.6
Cost of Living
above US average
33,688
Population
14.84
Crime Rate per 1000
below US average
$72,000
Median Income
below US average
$1,100,000
Median House Price
above US average
$3751.19
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.5%
Unemployment Rate
below 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 $72,000.

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Income Needed to Buy

βœ— Stretch
$345k/year
Based on $1,100,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $345k vs median $72,000
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Income Needed to Rent

⚠ Stretch
$161k/year
Based on $3751.19/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $161k vs median $72,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South boston, MA

South Boston, often referred to as "Southie," is a vibrant neighborhood located in the city of Boston, Massachusetts. Known for its rich history and strong Irish-American heritage, South Boston boasts a mix of residential areas, commercial hubs, and waterfront attractions. The neighborhood has seen significant development in recent years, transforming from a primarily working-class area to a sought-after destination with upscale housing, trendy restaurants, and bars. The iconic South Boston Waterfront is home to popular spots like the Institute of Contemporary Art and the Boston Convention and Exhibition Center. Residents and visitors enjoy access to beautiful parks, including Castle Island, known for its scenic views and bustling beaches during the summer months. South Boston also features a strong sense of community, evidenced by its numerous local events and parades, including the famous St. Patrick’s Day Parade. Additionally, South Boston has easy access to public transportation, making it convenient for commuting to downtown Boston and beyond. Its unique blend of tradition and modernity continues to attract newcomers while maintaining its tight-knit community feel.

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