Most salaries in Cambridge range between $67,648 (25th percentile) to $101,210 (75th percentile) annually. Of course, salaries will vary depending on your occupation, experience, and many other factors.
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.
What is considered a high salary in Massachusetts?
$7,009 is the 75th percentile. Salaries above this are outliers. $8,004 is the 90th percentile.
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.
What is a liveable 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 |
Is Cambridge MA a nice place to live?
Cambridge, Mass. has been ranked the second-best city to live in the U.S. according to a new rankings report from Niche.
Is Cambridge affordable?
Recent research by NatWest shows that Cambridge is the second most affordable city in the UK for students to live in, with a tabulated Student Living Index (SLI) of 0.70. The SLI is calculated by dividing the average monthly living and accommodation costs by the average monthly income.
What income is considered middle class 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 middle class income near Massachusetts?
The middle class is defined as making around $57,000 to $170,000 for two people, three people in your home means $71,000 to $213,000, and a four-person household is $88,000 to $263,000. Where do you stand?
What income is middle class in Boston?
The middle class is defined as making around $57,000 to $170,000 for two people, three people in your home means $71,000 to $213,000, and a four-person household is $88,000 to $263,000.
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.
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 affluent?
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. In a recent Zillow report, the home buying site ranked Cambridge No.
How much do you take home on 100k in Massachusetts?
If you make $100,000 a year living in the region of Massachusetts, USA, you will be taxed $27,662. That means that your net pay will be $72,338 per year, or $6,028 per month. Your average tax rate is 27.7% and your marginal tax rate is 36.6%.
How much money do you need to be happy in MA?
$139,125
The minimum salary to be happy in Massachusetts is $139,125, compared with $114,975 in the Granite State. The findings were based on a Purdue study published in the journal Nature Human Behaviour, which reviewed how income, emotional well-being and life satisfaction are all connected.
What is a good salary to live a comfortable life?
In a 2021 modern wealth survey, Americans told Charles Scwab that they need an average net worth of $934,000 to be financially comfortable. Another survey by Personal Capital says that Americans believe that they need to save an average of $516,000 to maintain financial health.
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.
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.
Is Cambridge as town Posh?
“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 Cambridge middle class?
The upper-class nature of Cambridge and its traditions is legitimised by the very fact that they are deliberately inclusive of middle-class individuals, much in the same way that multiple aristocratic traditions – such as life peerages – have been maintained because they are now awarded on the basis of ‘merit’.
Is Cambridge a wealthy city?
Cambridge is a wealthy, fast-growing city renowned internationally for knowledge creation, the tech industries and biosciences.