Massachusetts Ranked Most Expensive State for Families in 2025

Family of four? Brace yourself.

A recent study found that in order to maintain a "comfortable lifestyle" in 2025, families in Massachusetts should be raking in a pretty penny each year.

With just about everything around getting more expensive (housing, insurance, etc.) "individuals and families increasingly need more income to support a comfortable lifestyle over the long-term," according to financial technology company SmartAsset.

family bike ride

How Much Do Massachusetts' Families Need to Make?

According to the findings from the SmartAsset study, a family of four living in the Bay State should be making a whopping $313,747 annually.

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That's an additional $9,360 more than last year. Thinking of asking for a raise now?

Person taking money from cash register, close-up

This calculation is the pre-tax income projected for a family of four consisting of two adults and two children, following the 50/30/20 rule.

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How SmartAsset Calculated the $313K Figure

So what is the 50/30/20 rule?

SmartAsset shares the rule "suggests allocating 50% of your income to necessities, 30% to discretionary spending, and 20% to long-term goals like retirement savings or paying off debt."

How did they get that number and how lavish of a lifestyle are we talking?

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What Does a "Comfortable Lifestyle" Include?

According to the site, the "comfortable lifestyle" it depicts is one that includes being able to afford:

• Hobbies
• Vacations
• Retirement Savings
• Education Funds
• Occasional Emergency
• All essential necessities like housing, groceries, transportation and medical expenses.

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The Massachusetts Debt And How Much You Are On The Hook For

Top 10 Most Expensive States For a Four-Person Family

• 10. Oregon, $261,914
• 9. Colorado, $273,728
• 8. New York, $276,973
• 7. Washington, $277,888
• 6. New Jersey, $282,714
• 5. Vermont, $286,790
• 4. California, $287,456
• 3. Connecticut, $290,368
• 2. Hawaii, $294,362
• 1. Massachusetts, $313,747