Family of four estimated monthly costs are 4,436$ without rent. A single person estimated monthly costs are 1,215$ without rent. Cambridge is 1.49% less expensive than Seattle (without rent). Rent in Cambridge is, on average, 13.49% higher than in Seattle.
How much do I need to make to live in Cambridge MA?
Housing cost in Cambridge, MA
The average rent price for a one-bedroom apartment is $3,014/month. 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.
How much does it cost to live in Cambridge MA?
Cost of Living in Cambridge, MA
| Cost of living | One person | Family of 4 |
|---|---|---|
| ? Total with rent | $2938 | $6398 |
| ?️ Without rent | $875 | $2912 |
| ? Rent & Utilities | $2063 | $3486 |
| ?️ Food | $650 | $1678 |
Is Cambridge MA cheap?
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.
Is it cheaper to live in Cambridge or 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.
What is a livable salary in Massachusetts?
Living Wage Calculation for Massachusetts
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $21.88 | $43.77 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $14.25 | $14.25 |
What salary is good in Cambridge?
Average Salary in Cambridge
A person making $62,000 a year in Cambridge makes 38.6% more than the average working person in Cambridge and will take home about $47,095.
Is Cambridge affordable to live?
New research has revealed that Cambridge is one of the least affordable places for people on minimum wage to live.
Is Cambridge a cheap place to live?
Below London, we would find Cambridge is the second most expensive place to live in the United Kingdom.
How do people afford Cambridge?
You can apply for a tuition loan to cover these costs. For non-EU students the tuition fee is higher. Some students manage to get a grant from their home country. Apart from the tuition costs you will also have to pay for your accommodation, food and other necessities.
Is Cambridge MA a rich area?
Cambridge has among the highest percentages of rich millennial households in the country. As the tech field continues to grow in Kendall Square and throughout the rest of Cambridge, so has the wealth of the industry’s young workers.
What city in Massachusetts has the lowest cost of living?
These are the 10 most affordable places to live in Mass., according to a new study
| Rank | City | Annual Property Tax |
|---|---|---|
| 1 | Athol, MA | $2,411 |
| 2 | Bellingham, MA | $3,535 |
| 3 | Longmeadow, MA | $7,179 |
| 4 | Palmer Town, MA | $3,383 |
Where should I live if I work in Cambridge MA?
The Best Cambridge Neighborhoods | Where to Live in Cambridge (…
- MIT – Massachusetts Institute of Technology in Cambridge.
- Agassiz-Harvard – Cambridge’s Ivy League University Neighborhood.
- Cambridgeport – Southern Community Along the River.
- Riverside – Great Cambridge Neighborhood for Families.
Where is the cheapest and safest place to live in Massachusetts?
Most Affordable Places to Live in Massachusetts
- Adams.
- Easthampton.
- New Bedford.
- Spencer.
- Westfield.
Is Cambridge a wealthy town?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.
Where is the cheapest place to live outside of Boston?
One of the largest cities in Massachusetts, Lynn is also the cheapest Boston suburb has something to offer for everyone. It’s less than four miles outside the Boston city limits and one of the cheapest places to live near Boston in the inner urban core.
What is middle class income in Massachusetts?
Range of household incomes needed to be considered middle class, by family size
| State | Single | Couple |
|---|---|---|
| Maryland | $28,572 – $85,717 | $40,407 – $121,222 |
| Massachusetts | $28,129 – $84,386 | $39,780 – $119,340 |
| Michigan | $24,345 – $73,035 | $34,429 – $103,288 |
| Minnesota | $25,441 – $76,323 | $35,979 – $107,937 |
What is considered low income in MA?
What are the Income Limits?
| 1 Person | 2 Person | |
|---|---|---|
| Very Low Income 50% | $49,100 | $56,100 |
| Low Income 80% | $78,300 | $89,500 |
| Area Median Income 100% | $98,140 | $112,160 |
What is considered high income in Massachusetts?
Average Household Income: $115,964. Per Capita Income: $45,555. 14.3% of Households in Massachusetts are High Income Households that make over $200,000 a year.
Median Household Income in Massachusetts by Age of Householder.
| Massachusetts | |
|---|---|
| Householder 45 to 64 years | $103,973 |
| Householder 65 years and over | $52,973 |
What is a livable salary in Boston?
Living Wage Calculation for Boston-Cambridge-Newton, MA
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Living Wage | $22.56 | $15.41 |
| Poverty Wage | $6.19 | $4.19 |
| Minimum Wage | $14.25 | $14.25 |
What is the richest 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.