Cost of living in Cambridge
Cambridge, located in Canada, offers a unique blend of urban and suburban living. Understanding the cost of living in this city is crucial for both current residents and those considering a move.
This guide provides a detailed breakdown of expenses in Cambridge, including housing, transportation, groceries, and more, to help you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14.32 on average, with a range between $5.73 and $21.48.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $71.61, with prices ranging from $42.97 to $93.09.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.74, with a range between $8.59 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.51 to $8.59, imported beer $4.3 to $10.74, cappuccino $1.43 to $4.3, and Coke/Pepsi $1.43 to $2.51.
Grocery Prices
- Milk - Milk is priced between $1.07 and $2.64 per liter, averaging $1.97.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.43 and $2.91, with an average price of $2.14.
- Eggs (Dozen) - A dozen eggs range from $2.15 to $4.29, averaging $3.09.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.13 to $5.01 per kg, while oranges range from $2.15 to $4.29 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.63 and $3.58 per kg, and lettuce costs $0.72 to $2.86 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.51 and $2.69, with a monthly pass priced at $65.88.
- Fuel (Gasoline) - Gasoline is priced between $1 and $1.18 per liter.
- Taxi Fares - Taxi fares start at $2.51, with a cost of $1.29 to $1.79 per km and $23.43 to $28.64 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $1432.17 to $2506.29, averaging $1837.95.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1344.09 to $1467.97, averaging $1390.87.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1646.99 to $3580.42, averaging $2446.62.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1933.43 to $2291.47, averaging $2076.64.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $110.67 and $250.63, averaging $179.23.
- Internet - Internet services range from $35.8 to $71.61, with an average cost of $52.51.
Cost of Living Rankings
The cost of living indices for Canada are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Canada, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Cambridge offers a moderate cost of living with reasonable prices in dining and groceries, though housing can be on the higher side, especially in the city centre.
Transportation costs are manageable, with affordable public transport options and competitive fuel prices.
Utilities and internet services are moderately priced, contributing to a balanced monthly budget for residents.
Conclusion
In conclusion, Cambridge, Canada, presents a balanced cost of living with affordable dining and transportation options.
While housing costs can be significant, especially in the city centre, the overall expenses are manageable with careful budgeting.
Prospective residents should consider these factors when planning a move to Cambridge, ensuring a comfortable and financially sustainable lifestyle.