Properties in Cambridge had an overall average price of £534,577 over the last year. The majority of sales in Cambridge during the last year were terraced properties, selling for an average price of £562,133.
Is housing expensive in Cambridge?
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. So what makes the house prices in Cambridge so expensive and does it mean Cambridge is a nice place to live?
How expensive is living in Cambridge?
Family of four estimated monthly costs are 4,424$ without rent. A single person estimated monthly costs are 1,211$ without rent. Cambridge is 11.05% less expensive than New York (without rent). Rent in Cambridge is, on average, 27.01% lower than in New York.
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.
How much do you need to make to live in Cambridge?
Average Cost of Living per Month in Cambridge
The average cost of living in Cambridge is $2,818/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.
Where do rich people live in Cambridge?
West Cambridge is clearly among the places to be, with the Castle and Newnham wards home to some of the city’s most exclusive homes, while further afield, Grantchester, Trumpington and Great Sheford all score highly.
Where do the rich live in Cambridge?
Newnham. Enjoying a ‘village feel’ yet with great access to the city centre and colleges alike, Newnham is one of the most affluent suburbs of Cambridge.
Is rent expensive in Cambridge?
A single person estimated monthly costs are 885$ (756£) without rent. Cambridge is 35.28% less expensive than New York (without rent). Rent in Cambridge is, on average, 61.11% lower than in New York.
Cost of Living in Cambridge.
| Restaurants | Edit |
|---|---|
| Banana (1 lb) | 0.56£ |
| Oranges (1 lb) | 1.01£ |
| Tomato (1 lb) | 1.31£ |
| Potato (1 lb) | 0.51£ |
Why is Cambridge rent so expensive?
Cambridge. Cambridge is one of the nation’s strongest economies with the most well-educated workers in the country and the fastest population growth of any UK city. The huge demand for housing is held back by the need to conserve the historic city centre and the green belt that surrounds the city.
Is it cheaper to live in Cambridge than London?
This calculation uses our Cost of Living Plus Rent Index to compare cost of living. This assumes net earnings (after income tax). You can change the amount in this calculation.
Cost of Living Comparison Between Cambridge and London.
| City | Cost of Living Index |
|---|---|
| London | 69.37 |
| Cambridge | 64.78 |
| New York, NY | 100 |
| Prague | 49.75 |
How much does it cost to live in Cambridge for a month?
Cost of living in Cambridge, United Kingdom is $2,306 and it seems affordable according to the average monthly salary which is $2,476. For more living costs insights, check the list of prices for Restaurants, Markets, Transportation, Utilities, and 40 more categories.
What is the average salary in Cambridge UK?
Cambridge average salary comparison by sex
| Local authority | Female average salary, 2022 | Male average salary |
|---|---|---|
| Uttlesford | £31.3k | £42.3k |
| United Kingdom | £35.0k | £43.3k |
| Cambridge | £36.3k | £48.1k |
| South Cambridgeshire | £41.3k | £51.3k |
How much is a good salary in Cambridge UK?
The average salary for jobs in Cambridge, United Kingdom is £37,910 (GBP) per year or an hourly rate of £18 (GBP). The above data is a sample of data available in ERI’s Global Salary Calculator.
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.
Who is richer Oxford or Cambridge?
Oxford does better with 12 colleges currently accredited. While the published figures are high, the true extent of Oxbridge’s wealth is likely to be even higher.
Cambridge’s 31 colleges have a combined wealth of £6.9bn, £2.1bn more than the university’s £4.9bn.
| University / college | Consolidated net assets |
|---|---|
| Total | £5.9bn |
Is Oxford or Cambridge more posh?
In general, Cambridge = best for science, Oxford = best for arts and Oxford is more posh/elitist (backed up by a narrow numbers, more private schoolers go to Oxford than Cambridge), but it’s a difference of a couple of % if that.
Where do most millionaires live in UK?
1- Mayfair
Sitting side by side with Hyde Park and Green Park, the balance of open greenery and historic opulence has created one of the most popular places to live for the London rich. As well as the many wealthy Georgian homes, Mayfair is also home to the world-famous tailor district of Savile Row.
Is Cambridge as town Posh?
“The Proprietor begs to inform the Nobility, Gentry and the Public generally, that every article of business can be had at the above Establishment, all of the Best Quality and at Reasonable Prices”.
What is the richest town in the UK?
With its red-brick buildings and lavish green spaces, Virginia Water has long been positioned in the top spot on Zoopla’s highest value towns rich list. As of September 2022, it had an average property price of £1,626,048, while a detached house would set a buyer back by around £3,045,255.
Is there poverty in Cambridge?
Cambridge is officially the UK’s most unequal city. The top 6% of earners who live there take home 19% of the total income generated, while the bottom 20% of the population account for just 2% of that total.
Is Cambridge a rich area?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.