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.
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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.
Is Cambridge MA an expensive city 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.
Is Cambridge an expensive 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 95.86% of the workforce employed in white-collar jobs, well above the national average.
Is Cambridge Massachusetts Affordable?
Of the 54,713 housing units in Cambridge, 8,117 or 14.84% are income-restricted affordable housing units accessible to families earning below $78,480 for a family of four (80% of Cambridge’s area median income of $98,100).The good news is Cambridge does a reasonably good job for low-income residents.
Why is Cambridge MA so expensive?
Overall, Cambridge is 50% more expensive than the average town. However, most of this is due to housing.According to the Cambridge consumer index report, prices in Cambridge are up 3.2% when compared to last year. So, it’s getting slightly more expensive to live there.
Is Cambridge MA a nice place to live?
Cambridge is in Middlesex County and is one of the best places to live in Massachusetts. Living in Cambridge offers residents an urban feel and most residents rent their homes.Many young professionals live in Cambridge and residents tend to be liberal. The public schools in Cambridge are highly rated.
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 | $25 |
How much money do I need to live in Cambridge?
Summary about cost of living in Cambridge, United Kingdom: Family of four estimated monthly costs are 3,265$ (2,447£) without rent. A single person estimated monthly costs are 928$ (695£) without rent.
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).
Where do rich people live in Cambridge?
Cambridge’s most expensive streets
West Cambridge is clearly among the places to be, with the Castle and Newnham wards home to some of the city’s most exclusive homes, while further afield, Grantchester, Trumpington and Great Sheford all score highly.
Is Cambridge safe to live?
Cambridge is a relatively safe city compared to the rest of the UK and was ranked 8th safest among university towns and cities in 2016.Anti-social behaviour is the most predominant crime, while the majority of crimes were reported in Cambridge South, which includes areas such as Cherry Hinton and Coleridge.
Is Cambridge good for families?
Cambridge has been named one of the most family-friendly cities in England. The city ranked second out of 40 of England’s most populated towns and cities, according to research by toy retailer Play Like Mum. The study looked at factors like crime rates, the number of child-friendly attractions and average house prices.
What is area median income in Cambridge MA?
$103,154
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 26.6 |
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $103,154 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $58,724 |
How much are utilities in Cambridge MA?
Cambridge is a great city for utilities. Because the average monthly cost for basic utilities in Cambridge comes to a low of $185.46, you’ll save a significant amount compared to the national average of $240 a month.
Does it snow in Cambridge Massachusetts?
Cambridge gets some kind of precipitation, on average, 133 days per year.
Climate Averages.
| Cambridge, Massachusetts | United States | |
|---|---|---|
| Snowfall | 50.0 in. | 27.8 in. |
| Precipitation | 132.6 days | 106.2 days |
| Sunny | 201 days | 205 days |
| Avg. July High | 82.3° | 85.8° |
What is the most expensive state to live in?
Hawaii
There may be no more breathtaking a place than the Aloha State, but prices in Hawaii, America’s most expensive state, will take your breath away, too.
Why are homes in Cambridge so expensive?
“The type of property also has an impact on the cost of space, and given the market conditions since the start of the pandemic, and the ‘search for space’ among many buyers making a move, the value of houses has risen more than the value of flats – and as a result, these types of home are commanding higher values per
Why is living in Massachusetts so expensive?
Blame/credit a strong local economy, immigration, and the area’s overall desirability. A corollary to this is that, because demand is so strong and prices so high, generations tend to pass down housing in the Boston area more than in some other places.
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.
What kind of people live in Cambridge MA?
The 2020 U. S. Census found that 66.1% of Cambridge residents identify as White, 10.7% as Black, 16.8% as Asian or Pacific islander and 6.4% identified as some other race or a member of two or more races. Hispanics total 9.5% of the population. 59.8% of the population identify as both White and Non-Hispanic.
