Salary & Cost of Living in Newton, MA
Newton, MA: $115,110 median salary, cost of living index 162.5, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$115,110
$55/hr
Cost of Living
162.5
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
3.3%
rate
Newton, MA Overview
Population
88,923
Median Salary
$115,110
Average Salary
$128,923
Avg Commute
17 min
Median Home Price
$1,050,000
Median Rent
$4,244/mo
Job Growth
+2.8%
Sales Tax
6.25%
Newton is located in Massachusetts with a population of 88,923. The median household salary is $115,110 per year ($55/hour), which is $55,726 above the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.8%.
Newton Salary by Experience Level (2026)
Wage distribution in Newton, MA based on BLS percentile breakdown of the $115,110 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $71,368 | $34.31/hr | 0–2 years |
| Mid-Level (Median) | $115,110 | $55.34/hr | 3–7 years |
| Senior-Level | $163,456 | $78.58/hr | 8–15 years |
| Top 10% (90th Percentile) | $204,896 | $98.51/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Newton Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Newton, MA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$83,610
$6,967.53/month · $3,215.78/biweekly · Effective Rate: 27.4%
Gross Pay
$115,110
Federal Tax
-$16,938
State Tax
-$5,756
Local Tax
$0
FICA
-$8,806
Net Pay
$83,610
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $9,592.50 | $115,110.00 |
| Federal Income Tax | -$1,411.52 | -$16,938.20 |
| Massachusetts State Tax (5%) | -$479.63 | -$5,755.50 |
| Social Security (6.2%) | -$594.74 | -$7,136.82 |
| Medicare (1.45%) | -$139.09 | -$1,669.10 |
| Net Take-Home Pay | $6,967.53 | $83,610.39 |
Salary Comparison: Newton vs Other Cities
See how Newton's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Newton, MA | $115,110 | 162.5 | $70,837 |
| National Average | $59,384 | 100 | $59,384 |
| Redmond, WA | $115,000 | 160 | $71,875 |
| San Jose, CA | $117,000 | 195 | $60,000 |
| San Francisco, CA | $112,500 | 180 | $62,500 |
| Bellevue, WA | $110,000 | 160 | $68,750 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Newton
Newton's cost of living index is 162.5 (national average = 100). Living in Newton is 62.5% more expensive than the national average.
Median Home Price
$1,050,000
Median Monthly Rent
$4,244
Annual Rent Cost
$50,928
Your Salary's Purchasing Power
Your $83,610 annual take-home pay in Newton has the purchasing power of approximately $51,453 in an average-cost US area. You would need to earn $187,054 in Newton to match a $115,110 salary in an average-cost city.
Top Industries in Newton
Newton's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $115,110.
Salary Tips for Newton Workers
- Negotiate for cost of living. Newton has a cost of living 62.5% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Research top industries. Newton's top industries include Biotech, Education, Finance. Targeting roles in these sectors can help you earn above the $115,110 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Newton, MA?
The median salary in Newton, MA is $115,110 per year, or $55 per hour. The average salary is $128,923. This is $55,726 above the national median of $59,384.
What is the cost of living in Newton, MA?
Newton's cost of living index is 162.5 (national average = 100), meaning it is 62.5% more expensive compared to the national average. The median home price is $1,050,000 and the median monthly rent is $4,244.
What are the best industries in Newton?
The top industries in Newton, MA include Biotech, Education, Finance. The city has a job growth rate of 2.8% and an unemployment rate of 3.3%. Workers in these industries often earn above the city's median salary of $115,110.
How does Newton's salary compare to other cities?
Newton's median salary of $115,110 is 93.8% above the national median of $59,384. However, when adjusted for cost of living (index: 162.5), the real purchasing power is approximately $70,837.
What is the minimum wage in Newton, MA?
The minimum wage in Newton, MA is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.