Cambridge, Massachusetts gets a BestPlaces Cost of Living index of 144.7, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 44.7 percent higher than the U.S. average and 13.5 percent lower than the average for Massachusetts.
A typical home costs $914,400, which is 170.5 percent more expensive than the national average of $338,100 and 64.1 percent 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 percent more than the national average of $1,430 and 42.5 percent more than the state average of $2,140.
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.
Our cost of living indices are based on a US average of 100. An amount below 100 means Cambridge is cheaper than the US average. A cost of living index above 100 means Cambridge, Massachusetts is more expensive.
Cambridge cost of living is 144.7