Cambrdge MA was a fine place to live while working in academia. When it came time to live off of investments and start my own business, it was time to run like hll from there and find a redder state to live in.
Actually Cambridge, MA is not a fine place to live while working in academia. Salaries for assistant professors are no higher there than they are in other parts of the country but the cost of living is extremely high. New professors for the most part can't afford to live there.