Cambridge is more expensive than most of Massachusetts. Massachusetts residents generally pay 27 percent more in housing costs than the average resident, but remember that includes every neighborhood and town in Masschusetts, many of which are non-urban.
Is Cambridge cheaper than Boston?
According to Numbeo, Boston has a slightly cheaper cost of living compared to Cambridge. You will typically need to spend around $6,613 per month in Boston compared to $6,800 per month in Cambridge to maintain the same standard of living. This amount covers rent, utilities, and food.
Is Cambridge affordable?
Recent research by NatWest shows that Cambridge is the second most affordable city in the UK for students to live in, with a tabulated Student Living Index (SLI) of 0.70. The SLI is calculated by dividing the average monthly living and accommodation costs by the average monthly income.
Is Cambridge Boston Expensive?
Cambridge’s housing expenses are 215% higher than the national average and the utility prices are 17% higher than the national average. Transportation expenses like bus fares and gas prices are 18% higher than the national average.
How expensive is it to live in Cambridge MA?
Cost of Living in Cambridge, MA
| Cost of living | One person | Family of 4 |
|---|---|---|
| ? Total with rent | $2938 | $6398 |
| ?️ Without rent | $875 | $2912 |
| ? Rent & Utilities | $2063 | $3486 |
| ?️ Food | $650 | $1678 |
Is Cambridge MA a rich area?
Cambridge home prices are not only among the most expensive in Massachusetts, but Cambridge real estate also consistently ranks among the most expensive in America. Cambridge is a decidedly white-collar city, with fully 96.00% of the workforce employed in white-collar jobs, well above the national average.
Is Cambridge affordable to live?
New research has revealed that Cambridge is one of the least affordable places for people on minimum wage to live.
Is Cambridge very expensive?
Below London, we would find Cambridge is the second most expensive place to live in the United Kingdom. With the average property price being around £430k.
Is Cambridge MA a nice place to live?
Cambridge, Mass. has been ranked the second-best city to live in the U.S. according to a new rankings report from Niche. Cambridge came in just behind The Woodlands, Texas to claim the #2 spot, up from #5 last year.
Is rent expensive in Cambridge?
Rents in Cambridge are among the most expensive in England, new figures have revealed. The numbers, released by the Valuation Office Agency, show an average two-bed property costs £1,219 a month in the year to March.
Why is Cambridge MA so expensive?
Cambridge, MA is the home to Harvard University, MIT, plenty of scientific institutes, and a huge startup scene. So, it’s no surprise that it’s a somewhat expensive place to live.
Why is Cambridge MA expensive?
Overall, Cambridge is 50% more expensive than the average town. However, most of this is due to housing. Housing is 126% more expensive than the rest of the United States. When it comes to groceries, you can expect to pay about 9% more than average.
What is a good salary in Cambridge MA?
Most salaries in Cambridge range between $67,684 (25th percentile) to $101,177 (75th percentile) annually.
What is the most expensive town to live in in Massachusetts?
Suburbs to Boston’s west top the list of home prices, a study by Stacker suggested, with Weston topping the charts with a typical home value of $1.865 million in January of this year.
Where do rich people live in Cambridge?
Streets such as Barrow Road, Bentley Road, Newton Road, Latham Road and Chaucer Road are amongst the most exclusive addresses in Cambridge.
Is Cambridge a wealthy town?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.
Where do billionaires live in Massachusetts?
While much of the state’s most expensive properties are set in Boston, many of the most affluent of Massachusetts’ residents live outside the city in smaller towns like Dover, Sherborn and Carlisle. One such town, Weston, is the wealthiest.
What is the top 1% in Massachusetts?
Massachusetts
- Top 1% income threshold:$810,256.
- Top 5% income threshold:$314,389.
What is the richest part of Massachusetts?
Dover, MA
Dover is one of the wealthiest towns in Massachusetts. Located in Norfolk county, Dover has a population of 5,923. Home to some of the most affluent residents of Massachusetts, Dover has a median household income of over $250,000.
What is Cambridge Mass known for?
Everybody knows Cambridge as the home of Harvard University and the Massachusetts Institute of Technology. Few know that Cambridge is a diverse community with a complex history in which the universities played a relatively small part.
Is Cambridge MA affluent?
CAMBRIDGE, MA – A recent study examined the wealth of more than 400 cities in America, and in the northeast, Cambridge was in the top 10. According to a list released by the website NerdWallet, Cambridge is the fourth wealthiest city in the region.