Is Cambridge expensive to live?

However, many people are concerned about the cost of living in Cambridge. A 2023 report from CBS News found that the Boston-Cambridge metropolitan area is the third-most expensive area to live in America.

Is Cambridge UK expensive to live?

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 more expensive than London?

Cost of Living Comparison Between Cambridge and London

You would need around 6,094.3£ in London to maintain the same standard of life that you can have with 4,600.0£ in Cambridge (assuming you rent in both cities).

How much do you need to live in Cambridge?

A family of four estimated monthly costs are 3,773.9$ (2,976.5£) without rent. A single person estimated monthly costs are 1,087.4$ (857.6£) without rent. Cambridge is 31.1% less expensive than New York (without rent). Rent in Cambridge is, on average, 55.6% lower than in New York.

Is Cambridge expensive than Manchester?

Cost of living in Manchester (United Kingdom) is 22% cheaper than in Cambridge (United Kingdom)

Cost of living help in Cambridge

Is Cambridge UK a wealthy area?

Following a huge influx of high-tech and pharmaceutical companies in recent years, Cambridge is now one of the least affordable places to live in the UK. According to property website Zoopla the average house costs about £440,000, nearly 13 times more than the city's high median annual salary of £34,400.

What is the poshest part of Cambridge?

Newnham. Enjoying a 'village feel' yet with great access to the city centre and colleges alike, Newnham is one of the most affluent suburbs of Cambridge. It enjoys national recognition – not just as one of the best places to live in Cambridge, but as one of the best places to live in the whole of the UK.

What is a good salary in Cambridge?

Cambridge average salary comparison

The average salary is ranging between £33.1k in East Cambridgeshire and £51.5k in South Cambridgeshire. The UK average salary was £42.2k in 2023. Gross average salary is calculated for full-time employees. Employee has to be in the same job for over 12 months.

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 expensive to rent?

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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.

Why is Cambridge so expensive?

While Cambridge is known as one of the most expensive cities in the UK to live in, that's mostly because of accommodation costs. If you can reduce those costs by living in university accommodation, you should do that. Food and electric costs are broadly similar to the rest of the UK.

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.

Are houses expensive in Cambridge?

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).

Is rent in Cambridge high?

Cambridge is one of the most expensive places to rent in the UK, after London, Edinburgh, and two Surrey towns. Data from flatshare site SpareRoom show the average monthly rent including bills for a room in Cambridge increased by 37.7% from the end of 2019 to the end of 2023.

Is Cambridge a fun place to live?

Cambridge has many beautiful buildings, shops, markets, nice restaurants, and open green spaces. There are more to see here than colleges. Cambridge is a perfect place if you appreciate history, art, and nature. Every weekend, you can take the time to sightsee the scenery and never get bored of it.

Does Cambridge have affordable housing?

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

Which part of UK is cheapest to live?

A small town in the north of England has been recognised as one of the cheapest places to live, according to a recent survey by the housing agent Zoopla. It indicated that Shildon in County Durham is Britain's budget capital and the most affordable location in England.

Where is nice to live in Cambridge?

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).

What is the best salary to live comfortably UK?

In 2023, we have calculated that a single person needs to earn £29,500 to have an acceptable standard of living, up from £25,000 in 2022. A couple with two children need to earn £50,000, compared to £44,500 in 2022.

Is 3500 a good salary in UK?

Those earning a gross salary of £3,300 to £4,000 per month, are on a good salary by UK standards.

What is a respectable salary UK?

A good salary in the UK varies based on factors like location, age, experience, and industry. Generally, it should cover living expenses comfortably and enable some savings. In London, for instance, a good salary might be at least £45,000 annually to maintain a comfortable lifestyle.

Do you have to be rich to go to Cambridge?

You don't have to be rich to go to Oxford or Cambridge. In some ways, these universities are better able to look after less well-off students. While I was at Cambridge I received lots of different grants and bursaries. The largest amount of money came from a fund to support students from families on lower incomes.

Which is richer Oxford or Cambridge?

Cambridge is much more wealthier, it owns assets worth £4 billion, with Oxford coming second with £3.3 billion.

How hard is it to get into Cambridge?

Cambridge's entry requirements

Cambridge has very high academic standards, and entry requirements vary by subject. Generally, successful applicants will have outstanding academic records, with strong grades in relevant subjects. Most subjects require from A*AA to A*A*A*, though this varies depending on the subject.