What Are the Everyday Living Costs in Cambridge, MA in 2024?
The average monthly cost of living in Cambridge, MA is $5,980, which is 32% higher than the U.S. average ($4,521). The average monthly cost of rent is $3,265, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,714 per month.
Cambridge, MA is ranked 325th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the most expensive cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$3,265
Utilities
$486
Transportation
$202
Groceries
$861
Other
$1,166
Total
$5,980
What Are the Everyday Living Costs in Cambridge, MA in 2024?
The average monthly cost of living in Cambridge, MA for singles is $3,995, which is 35% higher than the U.S. average ($2,956). The average monthly cost of rent for singles is $2,129, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,866 per month.
Cambridge, MA is ranked 324th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the most expensive cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$2,129
Utilities
$287
Transportation
$118
Groceries
$431
Other
$1,030
Total
$3,995
What Are the Everyday Living Costs in Cambridge, MA in 2024?
The average monthly cost of living in Cambridge, MA for couples is $5,981, which is 32% higher than the U.S. average ($4,519). The average monthly cost of rent for couples is $3,224, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,757 per month.
Cambridge, MA is ranked 324th out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the most expensive cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$3,224
Utilities
$476
Transportation
$235
Groceries
$863
Other
$1,183
Total
$5,981
What Are the Everyday Living Costs in Cambridge, MA in 2024?
The average monthly cost of living in Cambridge, MA for single parents is $5,778, which is 38% higher than the U.S. average ($4,172). The average monthly cost of rent for single parents is $3,224, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,554 per month.
Cambridge, MA is ranked 323rd out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the most expensive cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$3,224
Utilities
$467
Transportation
$157
Groceries
$760
Other
$1,170
Total
$5,778
What Are the Everyday Living Costs in Cambridge, MA in 2024?
The average monthly cost of living in Cambridge, MA for families is $8,166, which is 28% higher than the U.S. average ($6,392). The average monthly cost of rent for families is $4,485, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,682 per month.
Cambridge, MA is ranked 326th out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the most expensive cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$4,485
Utilities
$714
Transportation
$298
Groceries
$1,389
Other
$1,280
Total
$8,166
What Salary Do You Need to Live Comfortably in Cambridge, MA in 2024?
Overall, on average, a gross annual salary of $103,086 is required for an average quality of life in Cambridge, MA.
Is the Cost of Living High in Cambridge, MA?
Cambridge, MA is ranked 325th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the most expensive cities in which to live in the U.S. Cambridge, MA's average monthly rent is 55% higher than the U.S. average cost of rent.
Is $50,000 a Good Salary in Cambridge, MA in 2024?
A gross annual salary of $50,000 in Cambridge, MA will yield an average annual net salary of $43,382. Considering that the total average annual cost of living in Cambridge, MA is $71,759, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Cambridge, MA?
The average monthly rent in Cambridge, MA in the city center is $3,004 for a 1 bedroom apartment, $3,703 for a 2 bedroom apartment and $4,705 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $2,407 for a 1 bedroom apartment, $2,905 for a 2 bedroom apartment and $3,508 for a 3 bedroom apartment.