How Much House Can I Afford on a 300k Income in Massachusetts?

With a 300k income, you're right on target for purchasing a home in Massachusetts. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $900,000 and $1,200,000.

In Boston, the median home price is approximately $900,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.

Additionally, other cities like Worcester and Cambridge offer appealing options at around $700,000. With a property tax rate of 1.25%—amounting to roughly $11,250 per year—and a cost of living significantly above the national average, your income comfortably supports homeownership across the state.