Cost of Living: Cambridge, MA vs Fairfield, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Cambridge | Fairfield |
|---|---|---|
| Housing Index | 150.0 | 115.0 |
| Median Home Price | $769,000 | $470,000 |
| Average Rent (2 BR Apartment) | $3000 | $2400 |
| Average Rent (2 BR House) | $3120 | $2450 |
Housing Comparison: Cambridge vs Fairfield
- In Cambridge, the median home price is higher at $769,000, while in Fairfield it is $470,000.
- Renting a two-bedroom apartment costs more in Cambridge at $3,000 than in Fairfield at $2,400.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Cambridge | Fairfield |
|---|---|---|
| Electricity Price | $28.15 | $26 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $200 | $280 |
Utilities Comparison: Cambridge vs Fairfield
- Electricity costs are higher in Cambridge at $28.15 per kWh, compared to $26 in Fairfield.
- Natural gas price data is currently unavailable.
- Fairfield has higher utility expenses, averaging $280, while Cambridge averages $200.