Cost of living in Cambridge
Cambridge, MA, known for its prestigious universities and vibrant cultural scene, is a city with a diverse population and a rich history. Understanding the cost of living in Cambridge is crucial for anyone considering moving to or residing in this bustling city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $21 on average, with a range between $12 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $110, with prices ranging from $60 to $160.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $9, imported beer $6 to $11, cappuccino $3 to $8, and Coke/Pepsi $2.5 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.85 per liter, averaging $1.13.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $7, with an average price of $4.
- Eggs (Dozen) - A dozen eggs range from $2.99 to $8, averaging $4.4.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.7 to $8.82 per kg, while oranges range from $2.6 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.76 and $7.72 per kg, and lettuce costs $1.5 to $4.5 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $2.4 and $2.7, with a monthly pass priced at $90.
- Fuel (Gasoline) - Gasoline is priced between $0.82 and $0.97 per liter.
- Taxi Fares - Taxi fares start at $2.7, with a cost of $1.74 to $3.73 per km and $28 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $2200 to $3500, averaging $2837.5.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2500 to $3100, averaging $2866.67.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $4300 to $6000, averaging $5100.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $3000 to $4000, averaging $3525.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $4833.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $4833.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $109.29 and $303.57, averaging $158.55.
- Internet - Internet services range from $30 to $100, with an average cost of $71.2.
Cost of Living Rankings
The cost of living indices for the United States 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 United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Cambridge, MA, presents a relatively high cost of living, particularly in housing and dining. The rental prices are notably high, especially in the city centre.
Transportation costs are moderate, with public transport being a viable option for many residents. Grocery prices vary, with some items like fresh produce and dairy being more expensive.
Utilities and internet services are reasonably priced, though they can add up quickly. Prospective residents should budget carefully, especially for housing and dining.
Conclusion
Living in Cambridge, MA, offers a vibrant lifestyle with access to world-class education and cultural amenities. However, the cost of living is on the higher side, especially for housing and dining.
For those considering a move to Cambridge, it's essential to plan your budget carefully, taking into account the high rental prices and dining costs. Despite the expenses, the city's unique charm and opportunities make it a desirable place to live.