Dorchester was long one of Boston’s most affordable areas. But as rents climb, many low- and middle-income workers here are feeling the squeeze. What’s the solution?
Boston is one of the 10 most expensive places in the United States to rent or buy a home, according to a company that recently crunched the numbers.
Move.org, a moving research and analysis company, looked at the most populous cities to identify the cost to rent a one-bedroom apartment or buy a home per square foot.
Boston ranked as the second most expensive city to own a home, beating out even New York City, with costs averaging $742.20 per square foot. (A whopping total of $742,000!)
The city ranked fifth among the 10 places to rent, with costs averaging $46.50 per square foot. So if you rent a 1,000-square-foot one-bedroom apartment, you could be paying $46,500 a year.
San Francisco topped both lists. To see the full report and how other cities ranked, go to move.org.
