Housing costs in Cambridge?
A typical home costs
$808,100, which is 139.0% more expensive than the national average of
$338,100 and 45.0% more expensive than the average Massachusetts home, at
$557,300. Renting a two-bedroom unit in Cambridge costs
$3,340 per month, which is 56.1% more than the national average of
$2,140 and 27.5% more than the state average of
$2,420.
Can I afford Cambridge?
To live comfortably in Cambridge (zip 02141), Massachusetts, a minimum annual income of
$154,800 for a family, and
$110,000 for a single person is recommended.
What does A.I. say about Cambridge?
The cost of living in 02141 Cambridge, MA is quite high. According to a report published by the Economic Policy Institute, the area has an overall cost of living index that is 78% higher than the national average. This means that housing costs in particular are very expensive, with median home prices at around $550,000. Other expenses such as food and transportation can also add up quickly in this area. While Cambridge offers its residents plenty of amenities and activities, it does come with a hefty price tag.