Santa Maria-Santa Barbara, CA vs Boston-Cambridge-Quincy, MA
A 2-bedroom in Boston-Cambridge-Quincy costs $183 less per month than Santa Maria-Santa Barbara ($2,941 vs $3,124). Median income is $95,977 in Santa Maria-Santa Barbara and $112,484 in Boston-Cambridge-Quincy. That's a difference of $2,196 per year in housing costs.
Side-by-Side Comparison
| Metric | Santa Maria-Santa Barbara | Boston-Cambridge-Quincy |
|---|---|---|
| Studio FMR | $2,459 | $2,359 |
| 1BR FMR | $2,746 | $2,476 |
| 2BR FMR | $3,124 | $2,941 |
| 3BR FMR | $4,075 | $3,526 |
| 4BR FMR | $4,647 | $3,894 |
| Median Income | $95,977 | $112,484 |
| Rent Burden | 39.1% | 31.4% |
| Actual Median Rent | $2,050 | $1,940 |
| Median Home Value | $735,700 | $610,900 |
| Population | 444K | 4.9M |
| Renter % | 47.1% | 38.2% |
| Vacancy Rate | 6.8% | 5.9% |
| Poverty Rate | 13.8% | 8.9% |
| YoY Change | +4.3% | +4% |
| Min Wage | $16.50/hr | $15.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Boston-Cambridge-Quincy, MA is more affordable with a 2BR FMR of $2,941/mo, which is $183 less than Santa Maria-Santa Barbara at $3,124/mo. However, when considering local incomes, Santa Maria-Santa Barbara has a rent burden of 39.1% vs 31.4% in Boston-Cambridge-Quincy.
A 2-bedroom in Santa Maria-Santa Barbara, CA costs $3,124/mo at Fair Market Rent, while in Boston-Cambridge-Quincy, MA it's $2,941/mo, a difference of $183/mo or $2,196/year.
To afford a 2BR without spending more than 30% of income on rent: Santa Maria-Santa Barbara requires $124,960/year ($60/hr). Boston-Cambridge-Quincy requires $117,640/year ($57/hr).