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Boston is the capital of Massachusetts and its largest city, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper, covering 48.43 square miles, had a population of 617,594 according to the 2010 U.S. Census. Boston is also the anchor of a substantially larger metropolitan area called Greater Boston, home to 4.5 million people and the tenth-largest metropolitan area in the country. Greater Boston as a commuting region is home to 7.6 million people, making it the fifth-largest Combined Statistical Area in the United States.
With many colleges and universities within the city and surrounding area, Boston is an international center of higher education and a center for medicine. The city's economic base includes research, manufacturing, finance, and biotechnology. As a result, the city is a leading finance center, ranking 12th in the Z/Yen top 20 Global Financial Centers. The city was also ranked number one for innovation, both globally and in North America, for a variety of reasons. Boston has one of the highest costs of living in the United States, though it remains high on world livability rankings, ranking third in the US and 36th globally.