Is it expensive to live in Cambridge?

A family of four estimated monthly costs are 3,757.1$ (2,975.6£) without rent. A single person estimated monthly costs are 1,082.6$ (857.4£) without rent. Cambridge is 31.3% less expensive than New York (without rent). Rent in Cambridge is, on average, 55.6% lower than in New York.

Is Cambridge affordable to live in?

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.

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.

Is Cambridge MA an expensive place to live?

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

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 it expensive to live in Cambridge?

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.

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 Cambridge or Boston cheaper?

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

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 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.

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.

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 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 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.

Is Living in Cambridge good?

Indeed, the city came in at number 5 of the top 10 best places in the UK to buy a property based on access to green spaces, job opportunities and average local salaries amongst other factors. Green spaces certainly abound locally, and Cambridge is home to numerous parks and gardens.

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.

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 the most expensive city?

With an average property price of £521,700, London leads the way as the most expensive place to buy a home in the United Kingdom. In a composite of 20 UK cities for March 2023, the Zoopla House Price Index found that Cambridge is the second most expensive city to buy property, with an average price of £465,000.

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 Chicago or Boston more expensive?

Boston is definitely more expensive than Chicago for both average rent price and median home price, but Boston residents make more money overall to compensate for that.

Is NYC or Boston more expensive?

The cost of living in New York, NY is 15.6% higher than in Boston, MA.

Why you should live in Cambridge?

In terms of cultural diversity and variety, Cambridge has something for everyone. You'll find great restaurants, bars, pubs and clubs that cater to a range of different tastes. A vibrant nightlife scene can also be found in the city.

Are house prices in Cambridge falling?

In Cambridgeshire as a whole, house prices decreased by 0.3 per cent between October 2022 and February 2023. Fenland saw the biggest percentage change in that period with 2.3 per cent. Cambridge and Huntingdonshire came a close second at 2.1 per cent.

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.