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.
Is Cambridge a wealthy town?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.
Is Cambridge MA a wealthy 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.
Is Cambridge Massachusetts an expensive place to live?
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 a nice area?
Cambridge received an overall grade of “A+” from the review site Niche. The city earned an A+ or A in the categories of public schools, family friendliness, nightlife, outdoor activities, diversity, health and fitness and commuting. Cambridge got a C or C+ in the areas of housing, cost of living and crime and safety.
How affluent is Cambridge?
Income was more unevenly distributed among residents than in any of the other 57 UK cities measured in the annual report, including Oxford and London. The top 6% of earners who live in Cambridge take home 19% of the total income generated by residents, while the bottom 20% of people account for just 2% of the total.
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.
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 wealthiest suburb of Boston?
Wellesley. If the fast-paced and cramped life of owning a multi-million dollar condo in Boston is tiring, then Wellesley might be the Boston suburb for you! Home to Wellesley and Babson Colleges, this city borders Newton and is among the wealthiest cities in America.
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.
Why is Cambridge Mass so 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 salary do you need to live in Cambridge?
As per the data from our users on Cost Off Living living caculator, average living expenses in Cambridge for students or for a single person requires $1000 per month.
Is Cambridge MA more expensive 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.
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.
Is Cambridge MA liberal or conservative?
Cambridge has been ranked as one of the most liberal cities in America.
What percentage of Cambridge MA is black?
Table
| Population | |
|---|---|
| Female persons, percent | 49.8% |
| Race and Hispanic Origin | |
| White alone, percent | 64.3% |
| Black or African American alone, percent(a) | 10.4% |
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.
How many millionaires live in Cambridge?
Most millionaires per capita of UK towns and cities
| Rank | City | Total Millionaires |
|---|---|---|
| 1 | Maidenhead | 7,923 |
| 2 | Cambridge | 5,742 |
| 3 | London | 329,002 |
| 4 | Cheltenham | 4,112 |
Is Cambridge prestigious?
Founded in 1209 and granted a royal charter by Henry III in 1231, Cambridge is the world’s third oldest surviving university and one of its most prestigious, currently ranked second best in the world and the best in Europe by QS World University Rankings.
What is the nicest part of Cambridge MA?
West Cambridge – The Most Affluent Cambridge Neighborhood
Arguably one of the best Cambridge neighborhoods that has the most going for it, West Cambridge holds the highest household income average and is also the safest neighborhood in town with the lowest crime rate.
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.