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 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. Cambridge has grocery prices that are 14% higher than the national average.
Is Cambridge MA affordable?
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.
What is the average cost to live in Cambridge?
Summary. Cost of living in Cambridge, United Kingdom is $2,372 and it seems affordable according to the average monthly salary which is $2,548. For more living costs insights, check the list of prices for Restaurants, Markets, Transportation, Utilities, and 40 more categories.
How much does housing cost in Cambridge?
The average property price in Cambridge postcode area is £450k, the median price is £372k. The average price increased by £24.4k (6%) over the last twelve months. The price of an established property is £450k. The price of a newly built property is £449k.
Is rent expensive in Cambridge?
A single person estimated monthly costs are 885$ (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£ |
What is a good salary in Cambridge MA?
This is equivalent of $1,626 a week or $7,046 a month. Most salaries in Cambridge range between $67,684 (25th percentile) to $101,177 (75th percentile) annually.
What is the cheapest place to live in Massachusetts?
Whether you’re hoping to rent or buy a home, check out these five most affordable places to live in Massachusetts!
- Adams.
- Easthampton.
- New Bedford.
- Spencer.
- Westfield.
Is it cheaper to live in Boston or Cambridge?
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.
Where should I live if I work in Cambridge MA?
The Best Cambridge Neighborhoods | Where to Live in Cambridge (…
- MIT – Massachusetts Institute of Technology in Cambridge.
- Agassiz-Harvard – Cambridge’s Ivy League University Neighborhood.
- Cambridgeport – Southern Community Along the River.
- Riverside – Great Cambridge Neighborhood for Families.
How much is minimum wage in Cambridge?
Effective January 1, 2023, the minimum wage is $15.00 and the service rate is $6.75.
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 expensive to buy house in?
Properties in Cambridge had an overall average price of £534,577 over the last year.
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.
What job pays the most in Massachusetts?
Top 100 jobs in Massachusetts by salary
- Anesthesiologist: $395,147 per year.
- Surgeon: $348,468 per year.
- Family medicine physician: $220,490 per year.
- Internal medicine physician: $171,207 per year.
- Chief marketing officer: $163,455 per year.
- Machine learning engineer: $156,691 per year.
- Engineering manager: $154,994 per year.
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 is a good hourly wage in Massachusetts?
$1,920 is the 90th percentile. Wages above this are outliers. $15.23 is the 25th percentile. Wages below this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Massachusetts.
| City | Lowell |
|---|---|
| Annual Salary | $50,747 |
| Monthly Pay | $4,228 |
| Weekly Pay | $975 |
| Hourly Wage | $24.40 |
Is rent expensive in Massachusetts?
The average fair market rent in Massachusetts is nearly 50% higher than the national average — costing $1,608 for a one-bedroom and $1,975 for a two-bedroom in the Bay State, according to the National Low Income Housing Coalition’s 2022 Out of Reach Report. And in cities like Boston, rents are considerably higher.
What city is affordable in Massachusetts?
These are the 10 most affordable places to live in Mass., according to a new study
| Rank | City | Annual Property Tax |
|---|---|---|
| 1 | Athol, MA | $2,411 |
| 2 | Bellingham, MA | $3,535 |
| 3 | Longmeadow, MA | $7,179 |
| 4 | Palmer Town, MA | $3,383 |
What is the safest place to live in Massachusetts?
Wayland is new to the list and the SafeWise’s new number 1 in Massachusetts. None of the safest cities reported murders, and nine reported 0 robberies. Property crime rates dropped from 11.8 per 1,000 to 10.5.