Cost of Living in Nantucket County, MA

How far does a $70,000 salary go in Nantucket County? Estimated income taxes on that gross salary total approximately $10,741 per year — combining federal taxes with Massachusetts's state income tax. Subtract rent for a 2-bedroom apartment ($3,138/month based on HUD Fair Market Rents for the Nantucket County metro area) and the estimated annual take-home is $21,603, or roughly $1,800 per month for everything else: food, transportation, savings, and discretionary spending.

At a $70,000 salary, the estimated 2-bedroom rent in Nantucket County represents approximately 54% of gross income. That is well above what most financial advisors recommend, indicating that Nantucket County is a financial stretch at a $70,000 salary without roommates or a higher-earning household.