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 salary do you need to live in Cambridge?
The Real Living Wage enables a person to have a minimum acceptable standard of living with less reliance on benefits, and is calculated annually according to the cost of living in the UK. The Real Living Wage is currently £10.90 per hour. Living Wage Week 2021 took place from 15 to 21 November.
What is a good yearly salary in Massachusetts?
Most salaries in Massachusetts range between $47,062 (25th percentile) to $82,589 (75th percentile) annually. Of course, salaries will vary depending on yor occupation, experience, and many other factors.
What is a liveable salary 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 salary in Boston for a single person 2022?
A good salary in Boston, MA is anything over $53,000.
Is living in Cambridge expensive?
Family of four estimated monthly costs are 2,922$ (2,585£) without rent. A single person estimated monthly costs are 830$ (735£) without rent.
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.
What is considered wealthy in Massachusetts?
For example, in Massachusetts, where only households earning at least $171,600 are in the top 20%, goods and services are about 10% more expensive than they are on average nationwide, according to RPP data from the Bureau of Economic Analysis.
What is considered high income in Massachusetts?
Average Household Income: $115,964. Per Capita Income: $45,555. 14.3% of Households in Massachusetts are High Income Households that make over $200,000 a year.
Median Household Income in Massachusetts by Age of Householder.
| Massachusetts | |
|---|---|
| Householder 45 to 64 years | $103,973 |
| Householder 65 years and over | $52,973 |
What is middle class income in Massachusetts?
The middle class is defined as making around $57,000 to $170,000 for two people, three people in your home means $71,000 to $213,000, and a four-person household is $88,000 to $263,000. Where do you stand?
How much do public school teachers make in Massachusetts?
How much does a Public School Teacher make in Massachusetts? The average Public School Teacher salary in Massachusetts is $60,324 as of September 26, 2022, but the range typically falls between $50,381 and $73,552.
What salary allows you to live comfortably?
Here’s a look at the 15 states with the highest living wage thresholds: Hawaii: $132,912. New York: $101,995. California: $94,778.
Is $27 an hour good pay?
Yes, it’s quite decent. With $27 per hour, your monthly income will amount to about $4,680, i.e., $3,240 after taxes, which means you can save up to 10% on things such as food, utilities, transportation, and insurance.
What is a middle class salary in 2022?
But that range does vary by the size of the household. A three-person household must have earned $51,962 to $155,902 to be considered middle-class while a family of four must earn about $60,000 to $180,000.
How much is the average 25 year old making?
For Americans ages 25 to 34, the median salary is $960 per week or $49,920 per year. That’s a big jump from the median salary for 20- to 24-year-olds.
What is a living wage in Massachusetts 2022?
Massachusetts laws
| Date | Standard Minimum Wage | Tipped Minimum Wage |
|---|---|---|
| January 1, 2021 | $13.50 | $5.55 |
| January 1, 2022 | $14.25 | $6.15 |
| January 1, 2023 | $15.00 | $6.75 |
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 it cheaper to live in Cambridge or 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.
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.
Is Cambridge an affluent area?
Cambridge is, overall, a wealthy city and not just in terms of money. We have a wealth of knowledge, history and culture, but also a large amount of people lucky enough to be pretty well-off. However, not all areas of Cambridge are quite so affluent.
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.