02116

2023 Data
Boston, Massachusetts

02116 is a prosperous, upper-middle-class neighborhood in Boston with a premium real estate market.

Population

22,040

Income Rank

Top 69%

58%

$127K

Median Income

vs national

408%

$1.6M

Home Value

vs national

78%

$2,341

Monthly Rent

vs national

34.6 yrs

Median Age

How 02116 Compares

Key metrics versus national medians

Median Income
$127,309+58%

National median: $80,610

Home Value
$1,583,500+408%

National median: $311,500

Monthly Rent
$2,341+78%

National median: $1,314

College Educated
76.9%+121%

National median: 34.8%

Income Distribution in 02116

How household incomes are distributed across brackets

% of Households
Median Income Bracket

This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $127,309.

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What is the Average Income in 02116?

Household earnings and economic conditions

$127,309

Median Household Income

$124,696

Per Capita Income

3.7%

Unemployment Rate

Residents of 02116 earn a median household income of $127,309 per year. This is 58% higher than the national median of $80,610, placing this zip code among the top earners in the country. The per capita income of $124,696 provides insight into individual earning power.

How Much Does it Cost to Live in 02116?

Real estate market and rental conditions in Boston

Home Buying

Median Home Value$1,583,500
20% Down Payment$316,700
Est. Monthly Mortgage$8,868

*Estimated at 7% APR, 30-year fixed

Renting

Median Monthly Rent$2,341
Annual Rent Cost$28,092
Rent-to-Income Ratio22%

Affordability Score

How affordable is it to live here?

0
out of 100
Moderately Affordable

How is this calculated?

Based on the standard 4x annual income mortgage guideline used by lenders: (Median Income x 4) / Median Home Value, combined with the 28% rent-to-income ratio recommended by financial advisors. This is not financial advice.

Most middle-income families can comfortably afford to live here.

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Age Distribution in 02116

Population breakdown by age and gender

Male
Female
Median Age (34.6 yrs)

This population pyramid shows the distribution of residents by age group and gender. The median age in 02116 is 34.6 years, which is younger than the national median of 39 years.

Who Lives in 02116? Demographics & Population

Age, diversity, and population breakdown

22,040

Total Population

34.6

Median Age

77%

College Educated

11,525

Households

02116 has a population of 22,040 residents in approximately 11,525 households. The median age of 34.6 years is younger than the national median of 39 years. With 77% of residents holding bachelor's degrees or higher, this is a highly educated community.

Diversity & Ethnicity in 02116

Racial and ethnic composition of the community

White(66.5%)
Asian(15.5%)
Two or More(8.9%)
Black(5.2%)
Other(3.2%)
Pacific Islander(0.5%)
Native American(0.1%)

Diversity Index

52

Diverse

0 = Single race, 100 = Perfect diversity

Hispanic/Latino Population

8.4%

Note: Hispanic/Latino is an ethnicity, counted separately from race

Racial Composition

White
66.5%
Asian
15.5%
Two or More
8.9%
Black
5.2%

The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 52, this is a diverse community.

Education Levels in 02116

Educational attainment of adults 25 and older

College Educated (Bachelor's+)

76.9%

National average: 34.8%

High School or Higher

93.1%

National average: 88.6%

Education Breakdown

Less than HS
6.9%
HS Graduate
8.7%
Some College
5.4%
Associate's Degree
2.1%
Bachelor's Degree
32.5%
Graduate+
44.4%

Educational attainment data shows the highest level of education completed by residents 25 years and older. With 76.9% holding a bachelor's degree or higher, this area exceeds the national average.

What is 02116 Like? Neighborhood Profile

Community personality and lifestyle analysis

Community profile generated from Census data analysis
Community Type

Affluent Professional Community

Located in Boston, the 02116 area is best described as a affluent professional community.

Residents here enjoy significantly above-average household earnings.

The area attracts a mix of young professionals and established families.

This is a highly educated community with most adults holding college degrees.

Best Suited For

  • +Executives & senior professionals
  • +Dual-income families
  • +Remote workers seeking quality of life

May Not Suit

  • -Budget-conscious renters
  • -First-time buyers on limited budgets

Key Characteristics

  • •Higher-than-average household incomes
  • •Highly educated residents
  • •Competitive real estate market relative to incomes
  • •Reasonable rental costs for the area
  • •Strong local job market

Typical Resident Profile

A typical 02116 resident is a adult in their mid-30s, renter with manageable housing costs, working in professional or executive career with advanced education.

Lifestyle

Career-focused with emphasis on quality amenities and good schools

Frequently Asked Questions

Common questions about 02116 Boston, MA

The median household income in 02116 (Boston, MA) is $127,309, which is 58% higher than the national median of $80,610.

The median home value in 02116 is $1,583,500. A 20% down payment would be $316,700, with an estimated monthly mortgage of $8,868 at current rates.

The median monthly rent in 02116 is $2,341, totaling $28,092 annually. This represents 22% of the median household income.

02116 in Boston, Massachusetts is a prosperous, upper-middle-class neighborhood with a median age of 34.6 years. With 77% college graduates, it's a highly educated community.

The unemployment rate in 02116 is 3.7%, lower than the national rate of 4.8%. This means 96.3% of the labor force is employed.

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