Why Boston is so expensive?

Boston surpassed San Francisco ($3,020), which had previously been the second most expensive city in the country. Low supply was listed as one of the key reasons for the city's high rents. The fact that Boston rents are sky high isn't news to anyone who's searched for a place to live lately.



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Boston is certainly up there on the list of US cities with a high cost of living, which – unfortunately – can also mean a high cost of traveling. The biggest challenge is affordable accommodations, as hotels are pricey in this city of expensive real estate and packed event calendars.

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The reasons for the cost are many: inflation, land costs, labor, and materials. Even Boston's prosperity and affluence work against renters. According to Boston's Office of Housing, an individual making $78,550 a year is considered 'low-income' when applying for income-restricted housing opportunities.

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