Cambridge cost of living is 181.8
| COST OF LIVING | Cambridge | Massachusetts |
|---|---|---|
| Housing | 349.1 | 176.4 |
| Median Home Cost | $937,500 | $510,500 |
| Utilities | 117.8 | 112.9 |
| Transportation | 95.7 | 107.9 |
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Is Cambridge MA expensive to live in?
Cambridge’s housing expenses are 220% higher than the national average and the utility prices are 20% higher than the national average. Transportation expenses like bus fares and gas prices are 14% higher than the national average. Cambridge has grocery prices that are 11% higher than the national average.
How much money do I need to live in Cambridge MA?
Summary about cost of living in Cambridge, MA, United States: Family of four estimated monthly costs are 4,105$ without rent. A single person estimated monthly costs are 1,146$ without rent. Cambridge is 15.28% less expensive than New York (without rent).
How much do you need to live comfortably in Cambridge MA?
Generally, one needs to earn at least three times the cost of rent before taxes to live comfortably. As the average cost of a one-bedroom apartment in Cambridge is $3,014, your monthly pretax income should meet or exceed $9,042 or $108,504 annually based on the 30% rule.
How expensive is it to live in Cambridge?
Summary about cost of living in Cambridge, United Kingdom: Family of four estimated monthly costs are 3,265$ (2,447£) without rent. A single person estimated monthly costs are 928$ (695£) without rent. Cambridge is 27.47% less expensive than New York (without rent).
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. This amount covers rent, utilities, and food.
What is a good salary in Cambridge MA?
Authentic Salary in Cambridge, MA
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $92,593 | $45 |
| 75th Percentile | $69,309 | $33 |
| Average | $67,039 | $32 |
| 25th Percentile | $51,982 | $25 |
Is Cambridge an affordable city?
Cambridge has been placed in the top ten of least affordable cities in the UK with seven of the other cities on the list being in the south of England. The least affordable city according to the research was Westminster.
Why is Cambridge Massachusetts so expensive?
Overall, Cambridge is 50% more expensive than the average town. However, most of this is due to housing.That being said, your biggest expense is housing. According to the Cambridge consumer index report, prices in Cambridge are up 3.2% when compared to last year.
What’s it like living in Cambridge MA?
Living in Cambridge offers residents an urban feel and most residents rent their homes. In Cambridge there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live in Cambridge and residents tend to be liberal. The public schools in Cambridge are highly rated.
Is Cambridge Massachusetts Safe?
The chance of becoming a victim of either violent or property crime in Cambridge is 1 in 39. Based on FBI crime data, Cambridge is not one of the safest communities in America. Relative to Massachusetts, Cambridge has a crime rate that is higher than 96% of the state’s cities and towns of all sizes.
Is 18 an hour a living wage?
In short, 18 dollars is $37,440 a year which is above the minimum wage and is enough to live on in most areas as long as you do not have any dependents. Most jobs earning $18 an hour do not require a degree and are in stable, high-growth industries such as manufacturing, health care, and technical fields.
Is 200k a good salary in Boston?
That salary would barely make it possible to live a comfortable life in Boston, unless you already own your home. Housing costs are extremely high in nearly every part of the city, and even most of the suburbs. That being said, relative to the average wage in Boston, 200k would represent a top 5% income.
Is Cambridge nice to live?
Cambridge has plenty of upsides. It has nice parks, great places to cycle and good schools. The transport links to London and other nearby towns are also very reliable and crime levels are generally low. On the downside, it is an expensive city, there’s high traffic congestion and parking is also bad.
Is Cambridge a rich area?
Cambridge is immensely rich in property and wealth – let’s share it with the town.Cambridge is a siloed place, with the vast majority of University students (and often lecturers) completely divorced from the town they live in, indeed even from the city’s other university.
Is Cambridge a poor city?
Cambridge is, overall, a wealthy city and not just in terms of money.However, not all areas of Cambridge are quite so affluent. In data published by the Ministry of Housing, Communities, and Local Government, there are several areas of Cambridge which are ranked in the most deprived 20 and 30 per cent of England.
Where should I live 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.
What should I know before moving to Cambridge MA?
Things You Should Know Before Moving to Cambridge, MA
- Cambridge Climate.
- Cambridge Geography and Neighborhoods.
- Living Costs in the City.
- Registering Your Car.
- Cambridge Moving Resources.
- Cambridge Schools.
- Cambridge Employment.
- Public Transportation.
Is Cambridge considered Boston?
Cambridge is located in eastern Massachusetts, bordered by: the city of Boston to the south (across the Charles River) and east. the city of Somerville to the north. the town of Arlington to the northwest.
How much do you need to make in Boston to live comfortably?
If you’re moving to Boston, you should have a household income of $120,900. Of course, this figure can scale up or down depending on the number of bedrooms you need. Once again, the $120,900 income figure is based on a 2-bedroom apartment with a monthly rent of $2,900 per month.
What is a livable wage in Massachusetts?
Living Wage Calculation for Massachusetts
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $17.74 | $31.31 |
| Poverty Wage | $6.13 | $10.44 |
| Minimum Wage | $12.75 | $12.75 |
