Cost of Living in Cambridge, Massachusetts Cambridge, Massachusetts’s cost of living is 74% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.
Is Cambridge Massachusetts expensive to live?
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 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.
Is Cambridge MA cheap?
Cambridge is more expensive than most of Massachusetts. Massachusetts residents generally pay 27 percent more in housing costs than the average resident, but remember that includes every neighborhood and town in Masschusetts, many of which are non-urban.
What salary is needed to live in Cambridge MA?
Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $38,027 | $75,096 |
| Annual taxes | $8,891 | $17,558 |
| Required annual income before taxes | $46,918 | $92,654 |
Why is Cambridge so expensive?
Cambridge is one of the nation’s strongest economies with the most well-educated workers in the country and the fastest population growth of any UK city. The huge demand for housing is held back by the need to conserve the historic city centre and the green belt that surrounds the city.
Why is rent in Cambridge MA so expensive?
It was the third most expensive large city for renting nationwide. There are myriad reasons for such high rents in the Boston area, including zoning regs, opposition to multifamily development, and a growth in population that has caused demand for housing to perennially outstrip supply.
Is Cambridge MA considered Boston?
Cambridge (/ˈkeɪmbrɪdʒ/ KAYM-brij) is a city in Middlesex County, Massachusetts, and part of the Boston metropolitan area as a major suburb of Boston.
Is Cambridge cheap to live?
Family of four estimated monthly costs are 3,069$ (2,543£) without rent. A single person estimated monthly costs are 879$ (728£) without rent. Cambridge is 32.05% less expensive than New York (without rent). Rent in Cambridge is, on average, 58.99% lower than in New York.
Is 75000 a good salary in Boston?
A good salary in Boston, MA is anything over $53,000. That’s because the median income in Boston is $53,000, which means if you earn more than that you’re earning more than 50% of the people living in Boston. The average salary in Boston is $63,751.
Is 80k enough for Boston?
It’s not by choice, of course—roommates are practically a financial necessity in Boston. Unless you earn $78,477 per year, that is. According to a new study from apartment search engine Nestpick, that’s the minimum annual salary needed to have your own apartment in Boston.
Is 120k a good salary in Boston?
If you’re moving to Boston, you should have a household income of $120,900.
Is Cambridge expensive to rent?
Rents in Cambridge are among the most expensive in England, new figures have revealed.
Where should you not live in Cambridge?
Related Articles
- Cambridge North. This area which includes Arbury, King’s Hedges, Chesterton, Castle and part of the city centre was the second most dangerous area to live in Cambridge with a total of 429 crimes reported in January.
- Cambridge city centre.
- Histon area.
- St Ives and Ramsey.
Is Cambridge good place to live?
Today, in addition to being a global technology hub in the “Oxford-Cambridge Arc”, the historic city of Cambridge is frequently voted one of the best places to live and work in the UK (coming second only to Slough in 2020), and scored highly on Yopa’s recent Love Where You Live Guide.
Where is the most expensive place to live in the US?
- New York City, New York. New York City leads the pack as the most expensive city in the United States.
- San Francisco, California.
- Honolulu, Hawaii.
- Boston, Massachusetts.
- Washington, D.C.
- Oakland, California.
- San Jose, California.
- San Diego, California.
How is living in Cambridge MA?
Here’s the breakdown – Cambridge earned an A+ for its nightlife, health & fitness options, outdoor activities, commute and being “good for families”, an A for its public schools and diversity, a B for jobs, B- for weather, a C for cost of living and housing, and C+ for crime and safety.
Whats it like to live in Cambridge Massachusetts?
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.
What is Cambridge Mass known for?
In Cambridge, Massachusetts, visitors enjoy a selection of outstanding museums, a vibrant performing arts scene and great restaurants. Visit the Harvard Art Museums, the MIT Museum, and Longfellow House – Washington’s Headquarters National Historic Site.
How safe is Cambridge Massachusetts?
The chance of becoming a victim of either violent or property crime in Cambridge is 1 in 40. 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 97% of the state’s cities and towns of all sizes.
How would you describe Cambridge MA?
The city of Cambridge is part of the Greater Boston area of Massachusetts. The city is best known for being the home of two world-class universities, Harvard University and Massachusetts Institute of Technology (MIT), located within just two miles of each other.