Housing costs in Cambridge?
A typical home costs
$1,317,800, which is 289.8% more expensive than the national average of
$338,100 and 136.5% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Cambridge costs
$3,950 per month, which is 84.6% more than the national average of
$2,140 and 38.7% more than the state average of
$2,420.
Can I afford Cambridge?
To live comfortably in Cambridge (zip 02142), Massachusetts, a minimum annual income of
$252,360 for a family, and
$130,400 for a single person is recommended.
What does A.I. say about Cambridge?
Cambridge, MA 02142 has a high cost of living. Average rent for an apartment in the city is around $2,700 per month. Groceries and other necessities are also quite expensive when compared to other cities. The median household income is over $90,000, but even so many people struggle to make ends meet due to the high costs of rent and utilities. Housing costs alone can take up a large portion of most people’s budgets. Fortunately, there are a lot of job opportunities available in Cambridge that make it possible for many residents to make a comfortable living despite the expensive cost of living.