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 Boston or Cambridge more expensive?

However East Boston, Dorchester, Roxburry are way cheaper than Cambridge and there are no cheap areas in Cambridge. So overall Boston is cheaper.

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.

Is Cambridge MA affordable?

You can see what the current cost of living in Cambridge is and determine how much the cost has changed over time. The average household in Cambridge spent $89,795 a year in 2021-22, which is 28.2% higher than the national average. The average Cambridge household spent 68.7% of what they earned in 2021-22.

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.

Pros and Cons of living in Cambridge, Massachusetts

What salary do you need to live comfortably in Boston?

Findings show that an individual in the Boston metro area needs to earn nearly $80,000 per year to live comfortably (based on a budget where 50% of income is for necessities, 30% for discretionary items, and 20% for savings or reducing debt).

Is Cambridge MA affluent?

Cambridge is a highly educated and affluent city.

About 50% of adults have a post-grad degree. The median household income is $112,565. By comparison, the Massachusetts median household income is $89,645. It's also higher than the $100,750 median for the Boston-Cambridge-Newton metro area.

Is living in Cambridge MA expensive?

Cambridge, Massachusetts's cost of living is 73% higher than the national average.

What is the average price of a house in Cambridge?

The median list price of homes in Cambridge, ON overall was $795,171 in January 2024, compared to $778,410 in December 2023, trending up by 2.15% month-over-month.

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 MA best known for?

Everybody knows Cambridge as the home of Harvard University and the Massachusetts Institute of Technology. Few know that Cambridge is a diverse community with a complex history in which the universities played a relatively small part.

What is the quality of life in Cambridge MA?

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. It also got an "A" for diversity and public schools. Some of the drawbacks, however, include the weather and affordability.

Is Boston the most expensive city in the US?

New York City still retains the top spot. A new report released this week finds Boston is now the second-most expensive city in the country for renters. Data from the report shows that Boston jumped ahead of San Francisco over the past month when it comes to one bedroom median rent prices.

Is Cambridge a different city than Boston?

T W O C IT IE The Charles River both links and divides. While tourists, commuters, and joggers move back and forth seamlessly, in more meaningful ways, the two separate cities of Boston and Cambridge operate as two different worlds.

What is the most expensive town in Boston?

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.

What part of MA is best to live?

Brookline is in Norfolk County and is one of the best places to live in Massachusetts. Living in Brookline offers residents an urban feel and most residents rent their homes. In Brookline, there are a lot of bars, restaurants, coffee shops, and parks.

Is it more expensive to live in NY or MA?

According to data provided by the World Population Review, it is significantly cheaper to live in Massachusetts than in New York. The lower costs of living come as no surprise since New York City is one of the most expensive places to live in the United States.

Is it safe to walk in Cambridge at night?

Cambridge, UK, is generally considered quite safe—even after dark. However, like in any city, it's important to stay vigilant and take common safety precautions, particularly while walking alone. The streets are often well-lit, and the city centre is usually bustling with people, even late into the night.

What is the richest part of MA?

Dover – The Epitome of Wealth in Massachusetts

Nestled in Norfolk County, Massachusetts, Dover stands out as the wealthiest town in the state. With its picturesque landscapes, luxurious residences, and thriving community, Dover exemplifies economic stability and inclusivity.

Where do Harvard students live in Boston?

Harvard Square and Central Square are both areas in Cambridge, which is just north of Boston on the other side of the Charles River. It is where the undergraduate campus and many of Harvard's other graduate schools are located. It is a fun area with a lot of young people and has a very academic vibe.

How much does 100k salary take home 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.

What salary is considered upper class Boston?

How much does an Upper Class make in Massachusetts? As of Feb 21, 2024, the average annual pay for an Upper Class in Massachusetts is $57,789 a year. Just in case you need a simple salary calculator, that works out to be approximately $27.78 an hour. This is the equivalent of $1,111/week or $4,815/month.

Is 80k enough to live in Boston?

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.