Salary Needed to Live in Martha's Vineyard as a Family
A family of four (2 adults, 2 children) needs approximately $118,800/year to live comfortably in Martha's Vineyard, MA — including 15% savings.
Comfortable Salary
$118,800
with 15% savings
Bare Minimum
$94,050
no savings buffer
Monthly Expenses
$5,643
92% above national avg
Detailed Monthly Budget for a Family in Martha's Vineyard
| Expense | Martha's Vineyard | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 3BR Apartment/House Rent | $535 | $209 | +156% |
| 🛒 Groceries | $89 | $44 | +102% |
| ⚡ Utilities | $38 | $28 | +36% |
| 🚗 Transportation | $84 | $44 | +91% |
| 🛡️ Car Insurance | $273 | $229 | +19% |
| 🏥 Health Insurance | $79 | $58 | +36% |
| Childcare/After-school | $2,340 | $1,200 | +95% |
| Internet + Phones | $351 | $180 | +95% |
| Children Activities | $488 | $250 | +95% |
| Dining Out | $683 | $350 | +95% |
| School Supplies & Clothing | $390 | $200 | +95% |
| Healthcare Co-pays | $293 | $150 | +95% |
| Total Monthly | $5,643 | $2,942 | +92% |
How We Calculated the Salary
Monthly expenses:$5,643
Target savings (15%):$1,258/mo
Monthly after-tax needed:$6,901
Effective tax rate:28%
Gross annual salary needed:$118,800
Other Household Types in Martha's Vineyard
Related Pages
FAQ
What salary does a family with kids need in Martha's Vineyard?
A family with kids needs approximately $118,800/year ($9,900/month gross) to live comfortably in Martha's Vineyard with a 15% savings rate.
How much is rent for a family with kids in Martha's Vineyard?
A 3br apartment/house in Martha's Vineyard costs approximately $535/month, which is the largest single expense at 9% of the total budget.
Is Martha's Vineyard affordable for a family with kids?
Martha's Vineyard is above the national average for family with kids living costs, requiring 92% more salary than the US median.