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 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.
Is Cambridge a wealthy town?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.
Is Cambridge MA a nice area?
Cambridge, Mass. has been ranked the second-best city to live in the U.S. according to a new rankings report from Niche. Cambridge came in just behind The Woodlands, Texas to claim the #2 spot, up from #5 last year.
Is Cambridge Massachusetts an expensive place to live?
Cambridge’s housing expenses are 215% higher than the national average and the utility prices are 18% higher than the national average. Transportation expenses like bus fares and gas prices are 4% higher than the national average. Cambridge has grocery prices that are 12% higher than the national average.
Where do billionaires live in Massachusetts?
While much of the state’s most expensive properties are set in Boston, many of the most affluent of Massachusetts’ residents live outside the city in smaller towns like Dover, Sherborn and Carlisle. One such town, Weston, is the wealthiest.
What is the richest town in Massachusetts?
Here’s how the 30 richest communities in Mass. voted on the millionaires tax
- Dover — No, 69.9% to 31.1%.
- Sherborn — No, 56.5% to 43.5%.
- Wellesley — No, 63% to 37%.
- Weston — No, 68.2% to 31.8%.
- Carlisle — Yes, 50.5% to 49.5%.
- Sudbury — No, 51.4% to 48.6%.
- Wayland — Yes, 51.4% to 48.6%.
- Lexington — Yes, 55% to 45%.
How affluent is Cambridge?
Cambridge has emerged as the richest UK university with £4 billion worth of assets, even eclipsing Monaco, the wealthiest country in the world.
Where do rich people live in Cambridge?
Streets such as Barrow Road, Bentley Road, Newton Road, Latham Road and Chaucer Road are amongst the most exclusive addresses in Cambridge.
What salary do you need to live in Cambridge?
The Real Living Wage enables a person to have a minimum acceptable standard of living with less reliance on benefits, and is calculated annually according to the cost of living in the UK. The Real Living Wage is currently £10.90 per hour.
Is Cambridge 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.
What is the nicest city in Massachusetts?
- Boston. Officially the capital city of the Commonwealth of Massachusetts, Boston is considered to be the 24th most populous city in the country with a population of over 684,000 people.
- Cambridge.
- Worcester.
- Newton.
- Salem.
Is Cambridge Massachusetts liberal or conservative?
Cambridge has been ranked as one of the most liberal cities in America.
Why is Cambridge Mass 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.
Why is housing in Cambridge so expensive?
Surging demand from everyone from university professors to biotech executives has combined with a shortage of homes for sale to drive Cambridge home prices to all-time highs, real estate experts say.
Is Cambridge expensive to buy house in?
Properties in Cambridge had an overall average price of £541,507 over the last year.
Who is the richest family in Massachusetts?
BOSTON – Patriots owner Robert Kraft and Fidelity president Abigail Johnson are among seven Massachusetts billionaires featured on the Forbes 400 Richest People in America list for 2022. Johnson has the highest net worth among Massachusetts residents at $20.5 billion, No.
Where do the rich live in New England?
At $3.7 Million, Back Bay Zip Code is Most Expensive in Massachusetts and New England
| Rank | Zip Code | Location |
|---|---|---|
| 1 | 02199 | Boston |
| 2 | 02481 | Wellesley Hills |
| 3 | 02493 | Weston |
| 4 | 02108 | Boston |
What is the most affluent part of Boston?
The Most Expensive Neighborhoods in Boston 2022
- Beacon Hill. Beacon Hill is one of Boston’s original neighborhoods, and prospective homeowners can expect historic real estate dating back to the city’s colonial roots.
- Seaport District.
- Back Bay.
- Fenway / Kenmore.
- South End.
- North End.
- West End.
What little town are millionaires moving to?
Big Sur, California, population 5,037.
What is the nicest suburb of Boston?
The 7 Best Boston Suburbs
- Brookline, MA. Rated the #1 Best Suburb in Boston, Brookline is also one of the top places to live in the entire state.
- Cambridge, MA.
- Newton, MA.
- Wayland, MA.
- Brighton, MA.
- Wellesley, MA.
- Lexington, MA.