Quick facts: Quincy, MA

Quick Facts

115.3
Cost of Living
above US average
101,727
Population
14.83
Crime Rate per 1000
below US average
$90,668
Median Income
above US average
$689,000
Median House Price
above US average
$2697.72
Average Rent
above US average
6%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $90,668.

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Income Needed to Buy

βœ— Stretch
$216k/year
Based on $689,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $216k vs median $90,668
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Income Needed to Rent

⚠ Stretch
$116k/year
Based on $2697.72/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $116k vs median $90,668
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Quincy, MA

Quincy, Massachusetts, is a vibrant city located just south of Boston, known for its rich history and scenic waterfront. Often referred to as the "City of Presidents," Quincy is the birthplace of two U.S. presidents, John Adams and John Quincy Adams, and is home to several historical sites, including the Adams National Historical Park. The city boasts a diverse population and a variety of cultural attractions, including the Quincy Museum and the Thomas Crane Public Library. Its waterfront area features stunning views of Boston and ample opportunities for outdoor activities, with parks like Wollaston Beach and Marina Bay offering recreational options for residents and visitors alike. Quincy also has a robust dining scene, with a range of restaurants serving everything from fresh seafood to international cuisines. The local economy is diverse, with a mix of retail, manufacturing, and service industries. Transportation is convenient, with access to the MBTA's subway and bus services, making it easy to commute to Boston. Overall, Quincy combines historical charm with modern amenities, making it an attractive place to live and visit.

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