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 it expensive to live in Cambridge MA?
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 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.
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.
How much does housing cost in Cambridge?
The average property price in Cambridge postcode area is £450k, the median price is £372k. The average price increased by £24.4k (6%) over the last twelve months. The price of an established property is £450k. The price of a newly built property is £449k.
What is a good salary in Cambridge MA?
$58,433 is the 25th percentile. Salaries below this are outliers. $110,676 is the 75th percentile.
Is rent in Cambridge expensive?
A single person estimated monthly costs are 872$ (756£) without rent. Cambridge is 34.80% less expensive than New York (without rent). Rent in Cambridge is, on average, 60.80% 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£ |
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.
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 Cambridge an affordable place to live?
According to Payscale.com, housing in Cambridge, MA is 220 percent higher than the national average. The median home price is $1,109,025 and the median rent price is $3,474/month. The average rent price for a one-bedroom apartment is $3,014/month.
Is Cambridge MA a rich area?
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.
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 Cambridge MA a good 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.
Is Cambridge a wealthy town?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.
What is a livable wage in Massachusetts?
Living Wage Calculation for Massachusetts
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.88 | $43.77 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $14.25 | $14.25 |
What job pays the most in Massachusetts?
Detailed List Of Highest Paying Jobs In Massachusetts
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $267,033 |
| 2 | General Surgeon | $219,313 |
| 3 | Revenue Officer | $216,864 |
| 4 | Head Of Security | $206,623 |
Is 50K enough to live in Boston?
No. $50K a year doesn’t go too far in Boston. If its $50K a month – you will be okay.
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 should I know before moving to Cambridge?
Moving/Relocating To Cambridge: 10 Noteworthy Pro-tips
- Learn What It Is Like Living In Cambridge UK.
- Find Out The Average Housing Price And Monthly Rent To Get Yourself Prepared.
- Look Up The Best Neighbourhoods In Cambridge.
- The Locals’ Ways To Survive The Cost Of Living In Cambridge.
What is the richest town in Mass?
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.
1. Dover, MA.
| Median Household Income | $250,000+ |
|---|---|
| Median Home Value | $1,008,600 |
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.