Is Cambridge cheap to live in?

According to Varsity magazine, Cambridge is the second-most expensive city after the UK capital in terms of private rent. Cambridge is 39.3% cheaper than London in terms of rent and 15.5% cheaper than London in terms of consumer prices.

Is Cambridge USA expensive to live?

A 2023 report from CBS News found that the Boston-Cambridge metropolitan area is the third-most expensive area to live in America.

How much does it cost to live in Cambridge on?

Average Cost of Living per Month in Cambridge

The average cost of living in Cambridge is $3,683/month for a single person who rents. This average is based on many factors including the cost of housing, transportation, groceries, and entertainment.

How much do you need to make to live in Cambridge?

Housing cost in Cambridge, MA

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.

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.

Cost of living help in Cambridge

How much is an Uber from Cambridge to Boston?

The average price for this trip is $20. Open the Uber app and input Boston MA in the “Where to?” box.

Is Cambridge expensive to rent?

According to Varsity magazine, Cambridge is the second-most expensive city after the UK capital in terms of private rent. Cambridge is 39.3% cheaper than London in terms of rent and 15.5% cheaper than London in terms of consumer prices.

Why is rent so expensive in Cambridge?

Alex Babouris, founding director of a Cambridge-based letting agency, said a number of factors contributed to increasing rents. These include mortgage costs, utility costs, and changes to taxes.

Is 180k a good salary in Boston?

Harvard's estimate of $181,254 for greater Boston is nearly twice the region's median household income of $93,537. The report was based on a 3.5 percent down payment on 30-year fixed-rate mortgage.

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).

How much does the average house cost in Cambridge?

The median sold price of homes in Cambridge, ON overall was $791,302 in January 2024, compared to $772,100 in December 2023, trending up by 2.49% month-over-month.

Is Cambridge a livable city?

Cambridge Tops Fortune Well's Second Annual Fortune 50 Best Places to Live for Families. In this year's Fortune 50 Best Places to Live for Families list, the City of Cambridge ranked #1, topping the charts on metrics ranging from quality of healthcare, aging resources, and education, to community connectedness.

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.

What is Cambridge in USA famous for?

Everybody knows Cambridge as the home of Harvard University and the Massachusetts Institute of Technology.

Is Boston more expensive than Cambridge?

Cost of Living Comparison Between Cambridge and Boston, MA

You would need around 6,530.1£ (8,279.6$) in Boston, MA to maintain the same standard of life that you can have with 4,600.0£ in Cambridge (assuming you rent in both cities).

Is it worth to live in Cambridge?

Combining the hustle and bustle of a small city with many parks and surrounding green areas, Cambridge is a great place to live for anyone looking for a good balance between city and country living.

Is Cambridge more expensive than NYC?

You would need around 5,687.0$ (4,520.0£) 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). This calculation uses our Cost of Living Plus Rent Index to compare the cost of living and assume net earnings (after income tax).

Is it cheaper to live in Oxford or Cambridge?

Cost of Living Comparison Between Oxford and Cambridge

You would need around 4,604.5£ in Cambridge to maintain the same standard of life that you can have with 4,800.0£ in Oxford (assuming you rent in both cities).

Why is property in Cambridge so expensive?

According to data from the Land Registry, the average price of a property in Cambridge has nearly doubled in under 15 years. Driven by the city's strong local economy and demand from buyers both locally and internationally, it is likely that property values will continue to appreciate in 2024.

How much do utilities cost in Cambridge?

On average, Cambridge, MA residents spend about $260 per month on electricity. That adds up to $3,120 per year. That's 29% higher than the national average electric bill of $2,414.

How much does a student need to live in Cambridge?

Overall, when you're living in Cambridge, we'd recommend budgeting around £1100 a month excluding tuition fees. This figure will vary depending on the cost of your rent and your lifestyle, so be sure to take into account your personal situation when you're planning out your budget.

Can you live with 100k in Boston?

According to the report, after income taxes, the net pay of someone making $100,000 in Boston is $73,529. Add annual rent at $37,486, $6,353 in groceries, $5,247 in health care costs, $5,313 for utilities, $10,980 in annual transportation costs and $1,522 for miscellaneous costs and there just isn't much left over.

Can you live in Boston on 80k?

A new report from SmartAsset says a single person in the Boston-Cambridge-Newton metro area has to pull in a salary of almost $80,000 a year to "live comfortably." The study is based on a theoretical budget where a person spends half their income on needs, 30% on "wants" and the rest on savings or repaying debt.

How much is $100 000 after taxes in Boston?

If you make $100,000 a year living in the region of Massachusetts, USA, you will be taxed $27,662. That means that your net pay will be $72,338 per year, or $6,028 per month. Your average tax rate is 27.7% and your marginal tax rate is 36.6%.