Housing costs in Cambridge?
A typical home costs
$914,400, which is 170.5% more expensive than the national average of
$338,100 and 64.1% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Cambridge costs
$3,720 per month, which is 160.1% more than the national average of
$1,430 and 42.5% more than the state average of
$2,140.
Can I afford Cambridge?
To live comfortably in Cambridge, Massachusetts, a minimum annual income of
$175,320 for a family, and
$122,400 for a single person is recommended.
What does A.I. say about Cambridge?
Cambridge has an expensive cost of living due to high taxes and higher prices for goods and services regardless if you're buying or renting. The median home value typically runs around $625,000 while rent might set you back anywhere from twelve hundred to two thousand two hundred fifty dollars depending on your requirements; public transportation here may be pricier than usual up to four dollars depending on distance traveled but utilities should still be relatively low costing around ninety seven dollars per month on average for electricity use .