Is Cambridge expensive to rent?

What is the average rent in Cambridge, MA? As of February 2024, the average rent in Cambridge, MA is $3,159 per month. This is 111% higher than the national average rent price of $1,497/month, making Cambridge one of the most expensive cities in the US.

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.

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.

What is the average cost of living in Cambridge?

A family of four estimated monthly costs are 3,761.3$ (2,976.9£) without rent. A single person estimated monthly costs are 1,083.8$ (857.8£) 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 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

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 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.

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 it worth living in Cambridge?

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.

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.

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).

Is Cambridge prettier than Oxford?

Many users replied to agree that Cambridge is widely recognised as the more attractive town, particularly in its centre. This discussion highlighted the Backs, an idyllic spot where the River Cam is bordered by the green expanses of several colleges.

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).

Is Cambridge as expensive as London?

The study also found that Cambridge is the second most expensive city to privately rent in, behind London, with a monthly rent of £578.70: above the national average of £518.10. However, students in Cambridge also have the highest monthly income of £1340, above the national average of about £1092.

Is Cambridge more expensive than Oxford?

Both Oxford and Cambridge cost around the same amount, although Oxford is more expensive if you are an international student.

Is it better to live in Oxford or Cambridge?

With both cities offering so much to do, you'll be spoiled for choice when it comes to sightseeing no matter where you choose to live. Cambridge is considerably smaller than Oxford. As a result, it's generally easier to get around the city by foot, bike and public transport.

What is the crime rate in Cambridge?

Annual crime rate in Cambridge postcode area is 26.4 crimes per annum per 1000 workday people as of January 2024. Compared to the national crime rate, Cambridge's crime rate is at 74%. Violent crime makes up 31.5% of all crimes reported in the postcode area.

Where do the rich live in 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.

Is it hard to get a job in Cambridge?

Not only is Cambridge a great place to work, it's also one of the easiest places in the country to find a new position. As @CambridgeNewsUK says, “The high level of employment, coupled with the abundant opportunities created by city businesses, means there are just 0.06 job seekers per vacancy in Cambridge.”

Is it expensive to live in Cambridge as a student?

The Total Cost of Living

In 2021-22, an average UK student at Trinity Hall might be expected to incur annual living costs of around £9,890, including rent. An average Overseas student might be expected to need around £11,480. If playback doesn't begin shortly, try restarting your device.

Is Cambridge a good place to raise a child?

As Cambridge is relatively small and quiet, most areas of the city are suitable for families. If you want to be close to the train station, the Botanic Garden and a number of excellent schools, the south side of the city is a great choice.

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.

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 minimum living wage in Cambridge?

This year Cambridge City Council celebrates its ninth year as a Real Living Wage Employer, having been accredited with the Living Wage Foundation since 2014. This means the lowest pay for someone working for the council is the Real Living Wage hourly rate – which as of October 2023 is £12 an hour.