CAMBRIDGE, MA – A recent study examined the wealth of more than 400 cities in America, and in the northeast, Cambridge was in the top 10. According to a list released by the website NerdWallet, Cambridge is the fourth wealthiest city in the region.
Is Cambridge Massachusetts an expensive place to live?
Overall, Cambridge is 50% more expensive than the average town. However, most of this is due to housing. Housing is 126% more expensive than the rest of the United States. When it comes to groceries, you can expect to pay about 9% more than average.
Is Cambridge MA nice to live?
Here’s the breakdown – Cambridge earned an A+ for its nightlife, health & fitness options, outdoor activities, commute and being “good for families”, an A for its public schools and diversity, a B for jobs, B- for weather, a C for cost of living and housing, and C+ for crime and safety.
Is Cambridge Boston Expensive?
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.
What is the richest part of Cambridge?
West Cambridge is clearly among the places to be, with the Castle and Newnham wards home to some of the city’s most exclusive homes, while further afield, Grantchester, Trumpington and Great Sheford all score highly.
What salary is needed to live in Cambridge MA?
The recommended salary in Cambridge is $7,894 per month or $94,782 annually. This total reflects a salary that would allow a renter to live comfortably and afford to cover the median rent for a one-bedroom apartment which sits at $2,368.
Why is it so expensive to live in Cambridge MA?
Cambridge’s housing expenses are 220% higher than the national average and the utility prices are 20% higher than the national average. Transportation expenses like bus fares and gas prices are 14% higher than the national average. Cambridge has grocery prices that are 11% higher than the national average.
What is living in Cambridge MA like?
Living in Cambridge offers residents an urban feel and most residents rent their homes. In Cambridge there are a lot of bars, restaurants, coffee shops, and parks. Many young professionals live in Cambridge and residents tend to be liberal. The public schools in Cambridge are highly rated.
What is Cambridge MA known for?
The city of Cambridge is part of the Greater Boston area of Massachusetts. The city is best known for being the home of two world-class universities, Harvard University and Massachusetts Institute of Technology (MIT), located within just two miles of each other.
Is Cambridge MA Safe?
Based on FBI crime data, Cambridge is not one of the safest communities in America. Relative to Massachusetts, Cambridge has a crime rate that is higher than 97% of the state’s cities and towns of all sizes.
Is Cambridge an expensive area?
Below London, Cambridge is the second most expensive place to live in the United Kingdom.
How much rent should I pay in Cambridge?
How much does it cost to rent in Cambridge? Rental cost in Cambridge greatly dependent on where you live, an average rent for a flat or a house in normal area $1700 per month.
Is Cambridge a posh city?
“The Proprietor begs to inform the Nobility, Gentry and the Public generally, that every article of business can be had at the above Establishment, all of the Best Quality and at Reasonable Prices”.
Is 150k a good salary in Boston?
A good salary in Boston, MA is anything over $53,000. That’s because the median income in Boston is $53,000, which means if you earn more than that you’re earning more than 50% of the people living in Boston. The average salary in Boston is $63,751.
Is 100000 a good salary in Massachusetts?
If you earn a $100,000 salary, then you’re well ahead of the median worker in the U.S. But if you live in Boston, it’s harder to make that money go as far as it does in other major U.S. cities.
What is middle class income in Boston?
between $50,000 and $125,000
Boston’s middle class is broadly defined as households with annual incomes between $50,000 and $125,000.
Is Cambridge more expensive than London?
Cost of living in Cambridge (United Kingdom) is 38% cheaper than in London (United Kingdom)
Is Cambridge a nice town?
Cambridge has plenty of upsides. It has nice parks, great places to cycle and good schools. The transport links to London and other nearby towns are also very reliable and crime levels are generally low. On the downside, it is an expensive city, there’s high traffic congestion and parking is also bad.
Is Cambridge a suburb of Boston?
Cambridge isn’t “outlying” from Boston, and it’s not mainly residential. Just having a larger city nearby doesn’t make a city a suburb of another city. Somerville is not a suburb of Cambridge.
Is Cambridge MA a good place to retire?
Cambridge Ranked 13th Best City For Retirement.
Is Cambridge MA worth visiting?
Cambridge feels different — innovative, cultured, intellectually curious. It may be a separate city from Boston, but Cambridge is absolutely worth visiting in its own right.
