Cambridge · GBP · high cost city

Savings rate in Cambridge — are you on track?

Cambridge is a high cost city. 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.

Median rent

£1,500/mo

Cambridge 2024

Typical other costs

£1,200/mo

excl. housing

Savings benchmark

8–23%

mid-income GBP

Pre-set for Cambridge — adjust to your situation

Country
£42,500
£10,000£155,000£300,000+
£1,500/mo
£0£4,000£8,000+

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

£1,400/mo
£0£3,000£6,000+

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What a good savings rate looks like in Cambridge

Using data from ONS Living Costs & Food Survey FYE2024, people at mid-range incomes in United Kingdom typically save between 8–23% of gross income. In a high cost city like Cambridge, housing costs can compress that meaningfully — especially for renters.

Minimum
8%
floor — not building
Expected
16%
benchmark
Strong
32%
top tier

Source: ONS Living Costs & Food Survey FYE2024. Benchmarks shown for mid-income earners in United Kingdom.

See full cost breakdown for Cambridge →

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Also in the Verdict suite

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