How much does it cost to live in Cambridge?

Typical monthly costs in Cambridge are approximately £1,500 in rent and £1,200 in other expenses, totalling around £2,700/month.

How much should I save in Cambridge?

Based on ONS Living Costs & Food Survey FYE2024, people at mid-range incomes in United Kingdom typically save 12–20% of gross income. In a high cost city like Cambridge, housing costs can reduce this, particularly for renters.

Cambridge · GBP · high cost city

Cost of living in Cambridge — is your salary enough?

Cambridge rents average £1,500/month, sustained by university, biotech, and tech-cluster demand. Cambridge earners in the tech and life-sciences sector can meet savings benchmarks, but general mid-income workers face a squeeze.

Rent in Cambridge

Budget£1,100 – £1,350/mo

Typical£1,500 – £1,700/mo

Premium£2,000+/mo

Other monthly costs

Food, transport, bills, going out~£1,200/mo

Total typical monthly spend~£2,700/mo

How different incomes stack up

At typical Cambridge costs (£1,500 rent)

£25,000 – £35,000→ saving -38.5%

Critical

£35,000 – £50,000→ saving 2.3%

Falling Behind

£50,000 – £70,000→ saving 21.7%

On Track

See your personal verdict for Cambridge

Country

Annual income (gross)£42,500

£10,000£155,000£300,000+

Monthly rent or mortgage£1,500/mo

£0£4,000£8,000+

Other monthly expenses

Food, transport, subscriptions, going out — everything except rent

£1,400/mo

£0£3,000£6,000+

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Cost figures are estimates based on reported median rents and typical spending patterns. Savings benchmarks from ONS Living Costs & Food Survey FYE2024. Figures in GBP.

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Also in the Verdict suite

SalaryVerdict — Is your Cambridge salary competitive?SpendVerdict — Is your Cambridge rent too high?