Cost of Living in Cambridge, MA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
230.9
100 = national avg
+130.9 vs national average
Living Wage (1 Adult)
$101,609
per year
Living Wage (Family of 4)
$240,167
per year
Cost Index by Category
Housing368.2
Food146.7
Transportation127.9
Healthcare137.3
Utilities181.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,476
per month
2 Bedroom
$2,941
per month
The overall cost of living index in Cambridge is 230.9, which is 130.9% above the national average. Housing costs are above the national average at an index of 368.2. A single adult needs to earn approximately $101,609 per year to cover basic expenses.