Cost of living in Cambridge
Cambridge, a charming town in New Zealand, offers a unique blend of rural beauty and urban convenience. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13.49 on average, with a range between $8.8 and $14.66.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $73.3, with prices ranging from $46.91 to $234.57.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.21, with a range between $8.21 and $14.66.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.52 to $8.8, imported beer $4.69 to $9.97, cappuccino $2.35 to $8.17, and Coke/Pepsi $1.17 to $2.93.
Grocery Prices
- Milk - Milk is priced between $1.17 and $2.05 per liter, averaging $1.68.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.73 and $3.52, with an average price of $1.5.
- Eggs (Dozen) - A dozen eggs range from $2.81 to $7.04, averaging $5.71.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.17 to $3.51 per kg, while oranges range from $1.76 to $5.27 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.17 and $3.52 per kg, and lettuce costs $0.94 to $3.28 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.5 and $1.64 per liter.
- Taxi Fares - Taxi fares start at $1.76, with a cost of $1.76 to $2.93 per km and $35.18 to $46.91 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $22,864.24 and $26,388.58, while a Toyota Corolla ranges from $21,697.28 to $23,456.52.
Housing Costs
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the centre averages $1,407.39.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $59.81 and $323.99, averaging $89.6.
- Internet - Internet services range from $41.05 to $58.64, with an average cost of $46.77.
Cost of Living Rankings
The cost of living indices for New Zealand 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 New Zealand, 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 affordable dining and grocery options. Housing costs, particularly for larger apartments, are reasonable compared to urban centers.
Transportation costs are manageable, with fuel prices being relatively stable. Utilities and internet services are competitively priced, making Cambridge a cost-effective choice for families and individuals alike.
Conclusion
In conclusion, Cambridge, New Zealand, presents a balanced cost of living that caters to a variety of lifestyles. With affordable dining, reasonable housing, and manageable transportation costs, it is an attractive option for those seeking a blend of rural charm and urban amenities.
Whether you're planning to move or just visiting, understanding these costs will help you budget effectively and enjoy all that Cambridge has to offer.