Is Charlestown Expensive?

Boston, United States

+5% vs Boston avg

Living in Charlestown, Boston

Charlestown is a moderately-priced area within Boston, with a cost of living index of 86.5 — that is +5% compared to the Boston average. It sits around the middle of the pack at #12 out of 24 neighborhoods. Estimated rent for a one-bedroom apartment here is around $2,940/month, compared to a range of $2,016 in Roxbury to $3,640 in Back Bay.

Monthly Budget Breakdown

For a typical resident of Charlestown, housing takes up roughly 47% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $117,600 before tax.

Typical Salaries in Charlestown

Salaries in Charlestown reflect the local cost of living. Based on the neighborhood COLI of 86.5:

After tax and deductions of 31.0% in United States, take-home pay for someone earning $117,600 would be roughly $81,144/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

86.5
COLI Index
1.05x
vs City Avg
$2,940
Est. 1BR Rent
#12
of 24 Areas
31.0%
Total Deductions

Tax & Deductions in Charlestown

Estimated annual deductions on a $64,875 salary in Charlestown, Boston (local employee).

Income Tax
14%
Social Security + Medicare (FICA)
7.6%
State Income Tax (MA)
9.0%
Total Deductions: 31.0%
Est. Take-Home: $44,748/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Charlestown would need to be elsewhere:

City Currency Equivalent
New York USD $64,875
London GBP £55,830
Dubai AED AED 324,621

Other Neighborhoods in Boston

Neighborhood COLI Multiplier vs Avg
Back Bay 107.1 1.30x +30%
Beacon Hill 105.5 1.28x +28%
Seaport 103.0 1.25x +25%
Cambridge (Kendall Sq) 98.9 1.20x +20%
South End 97.2 1.18x +18%

View all 24 neighborhoods in Boston →

Convert Your Salary

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Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Charlestown:

Downtown Miami, Miami Aventura, Miami Shinagawa, Tokyo West Loop, Chicago Bærum, Oslo Westerpark, Amsterdam

Frequently Asked Questions

Is Charlestown expensive in Boston?

Charlestown is near the city average for Boston. Costs are about +5% vs the average, making it a mid-range neighborhood.

How does Charlestown compare to the Boston average?

The cost of living in Charlestown is above the Boston average. With a multiplier of 1.05x, everyday expenses including rent, food, and transportation are +5% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.