Is Cambridge an expensive place to live?

Cambridge's housing expenses are 212% higher than the national average and the utility prices are 19% higher than the national average. Transportation expenses like bus fares and gas prices are 4% higher than the national average.

How expensive is living in Cambridge?

Cost of Living Cambridge, UK

To live comfortably in Cambridge, a minimum of £14,600 per month is required. Other than government financial requirements, Cambridge is 15.5% more affordable than London in terms of consumer prices and 39.3% more affordable than the capital in terms of rent.

Is Cambridge an affordable place to live?

100.0 is the nationwide average; a city with an index of 95 is 5% less expensive than the national average, while an index of 105 means a city is 5% more expensive. The Cambridge Massachusetts cost of living index is 153.2. This means that items in Cambridge cost 53.2% more than the national average.

Is Cambridge USA expensive to live?

The Cambridge Massachusetts cost of living index is 174, or 74% higher than the national average. Cambridge is a notoriously expensive city on par with Boston, one of the most expensive places to live in the United States.

Is it cheaper to live in Boston or Cambridge?

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.

Cost of living help in Cambridge

Why is Cambridge MA so expensive?

Cambridge, MA is the home to Harvard University, MIT, plenty of scientific institutes, and a huge startup scene. So, it's no surprise that it's a somewhat expensive place to live.

Why are houses in Cambridge MA so expensive?

Why did Cambridge take the number one spot? The report cites increasing demand from people like biotech executives and college professors. Plus, the number of homes on the market in Cambridge has dropped, boosting price tags even more.

How do people afford Cambridge?

There's a range of financial help available to students at Cambridge, including government student loans for tuition fees and living costs, the Cambridge Bursary Scheme, and College awards. For more information, see: Cambridge financial support.

Is it expensive to rent in Cambridge?

Beyond campus, there's a whole landscape of shared and solo housing available in Cambridge's private rental sector. A studio flat costs around £1,410 per month in the city centre, and a three-bedroom apartment costs £2,470 per month, which works out at around £820 per person.

Is Cambridge expensive to rent?

As of December 2022, the average rent for a room in the UK was £731 per month. In Cambridge, the average monthly rent for a room was £691.70 in 2022.

What is the average price of a house in Cambridge?

The median sold price of homes in Cambridge, ON overall was $772,100 in December 2023, compared to $714,001 in November 2023, trending up by 8.14% month-over-month.

Why is rent so expensive in Cambridge?

With apartment supply figures so low, it's putting upward pressure on rent prices in Cambridge, which was already Greater Boston's most expensive suburb to rent an apartment to begin with.

Are houses in Cambridge expensive?

The average price increased by 7% over the last 12 months. These results are taken between the dates of December 2021 and November 2022. Despite this, the average property price for a house with a Cambridge (£456,000) postcode is £160,000 more expensive than the average for England and Wales (£296,000).

What is a good salary in Cambridge?

Cambridge average salary comparison

The average salary is ranging between £37.1k in East Cambridgeshire and £48.1k in South Cambridgeshire. The UK average salary was £40.0k in 2022. Gross average salary is calculated for full-time employees.

Is Cambridge more expensive than NYC?

Cost of Living Comparison Between New York, NY and Cambridge

You would need around 5,903.0$ (4,626.4£) in Cambridge to maintain the same standard of life that you can have with 10,000.0$ in New York, NY (assuming you rent in both cities).

Is Cambridge a livable city?

Rankings and review website Niche has released its roundup of the best cities to live in - and Cambridge was ranked #1 for the first time. The city that's home to some of the world's top colleges and universities got an "A+" grade for nightlife, family living, outdoor activities, commuting and health and fitness.

Does Cambridge have affordable housing?

The current service provider for affordable housing in the City of Cambridge is the Region of Waterloo.

What is the cheapest College to live at in Cambridge?

Currently (as of 2024), the cheapest Cambridge college in this regard is Homerton and St. Edmund's, with rooms starting from £100 per week. Homerton college is one of the cheapest Cambridge colleges in terms of accommodation fees.

Where should I live in Cambridge?

Is it hard to get into Cambridge?

It can be quite hard to get into Cambridge, due in part to the high level of competition and stringent acceptance policies. The university's renowned reputation for academic excellence attracts a global pool of highly accomplished applicants each year, intensifying the competition for limited spots.

What is nicer Oxford or Cambridge?

In terms of differences between the two locations, Cambridge is generally considered a little prettier, while Oxford has a bit more going on – but of course this will depend on who you ask.

What is the richest College at Cambridge?

Trinity remains extremely wealthy to this day, thanks to its royal benefactor and the land that he bequeathed. The land that the College owns includes: Felixstowe container port. Cambridge Science park.

Is Cambridge MA a wealthy area?

In 2021, the median household income of the 47.8k households in Cambridge, MA grew to $112,565 from the previous year's value of $107,490.

Where do rich people live in Cambridge?

Affluence in Cambridgeshire is often associated with areas in and around Cambridge, due to the influence of the university and the tech and biotech industries. South Cambridgeshire villages, like Grantchester and Madingley, are known for their affluence as well.