AmericaByNumbers.com

Accountant Salary in Massachusetts: Cost of Living Adjusted (2024)

What does a Accountant salary really buy you in Massachusetts?

Massachusetts is 9.4% pricier than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$96,580
Median annual (2024)
-8.6%
Real Purchasing Power
$88,281
COL-adjusted (RPP=109.4)

Massachusetts Cost of Living Index

Massachusetts's Regional Price Parity (RPP) is 109.4, meaning prices are 9.4% higher the national average. A Accountant earning $96,580 in Massachusetts has the equivalent purchasing power of $88,281 in an average-cost US state.

MA: 109.4
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Massachusetts's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $64,370 $58,839 $-5,530
25th Percentile (P25) $77,280 $70,639 $-6,640
Median (P50) $96,580 $88,281 $-8,298
75th Percentile (P75) $122,020 $111,535 $-10,484
90th Percentile (P90) $152,960 $139,817 $-13,142
Key Insight

While $96,580 sounds high, Massachusetts's elevated cost of living erases 9% of that salary's purchasing power. Your real buying power is $88,281. Consider whether the higher pay offsets the higher costs.

Best States for Accountant (After Cost of Living)

Where does Accountant salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$94,591
RPP 107.6
$93,143
RPP 108.8
$88,281
RPP 109.4
$88,005
RPP 102.3
$87,852
RPP 88.0
$87,595
RPP 109.8
$86,509
RPP 88.8
$86,285
RPP 98.0
$85,998
RPP 104.7
$85,653
RPP 112.5

Massachusetts ranks #3 out of 50 states for Accountant after cost-of-living adjustment.

What To Do Next

Some links are affiliate links. See our disclosure.

Frequently Asked Questions

What is the real salary for a Accountant in Massachusetts after cost of living?

A Accountant in Massachusetts earns a median salary of $96,580 per year. After adjusting for Massachusetts's cost of living (RPP=109.4), the real purchasing power is $88,281 — a -8.6% difference.

Is Massachusetts expensive to live in?

Massachusetts's cost of living is 9.4% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Massachusetts is 109.4 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Accountant in Massachusetts: $96,580 x (100 / 109.4) = $88,281. This represents what the salary would be worth in a state with average living costs.

Does the high cost of living in Massachusetts offset the salary?

Partially — a Accountant's nominal salary of $96,580 in Massachusetts has 8.6% less purchasing power due to higher living costs. The real value is $88,281. However, Massachusetts may offer better career opportunities, networking, and industry access.

Related Salary Pages