Family of four estimated monthly costs are 4,429$ without rent. A single person estimated monthly costs are 1,212$ without rent. Cambridge is 11.00% 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. Cambridge has grocery prices that are 14% higher than the national average.
How much do I need to make to live in Cambridge MA?
Housing cost in Cambridge, MA
The average rent price for a one-bedroom apartment is $3,014/month. According to the rent affordability calculator, this means you need to make about $10,000/month gross income with no other debts or loans. That’s an average salary of $120,000/year.
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.
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 $6,800 per month in Cambridge to maintain the same standard of living.
Is rent expensive in Cambridge?
A single person estimated monthly costs are 885$ (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 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 is a good salary in Cambridge?
Average Annual Salary in Cambridge, MA
| Percentile | Annual Salary | Weekly Pay |
|---|---|---|
| 25th | $35,000 | $673 |
| Median | $53,000 | $1,019 |
| 75th | $82,000 | $1,576 |
| 90th | $119,000 | $2,288 |
What is a comfortable salary in Massachusetts?
As of Oct 29, 2022, the average annual pay for the Comfortable jobs category in Massachusetts is $43,089 a year. Just in case you need a simple salary calculator, that works out to be approximately $20.72 an hour. This is the equivalent of $828/week or $3,590/month.
What is a livable yearly 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 |
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.
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 MA a rich 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. Cambridge is a decidedly white-collar city, with fully 96.00% of the workforce employed in white-collar jobs, well above the national average.
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 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.
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.
Where is the best place to live near Cambridge?
Ely is the best place to live in Cambridgeshire according to a poll by a popular lifestyle website.
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 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% |