Cambridge, MA — income, home value, property tax, and sales tax.
Households in ZIP code 01463, near Cambridge, earn a median of $123,911, with per-capita income at $54,664 — figures that place the area firmly in affluent territory. A median home value of $482,100 reflects that prosperity, and the county's 1.03% effective property tax rate means owners of such homes owe a substantial annual sum. Sales tax in the area runs 6.25%. Together these costs point to a community where high earnings support high housing prices, and where property taxes take a meaningful bite out of ownership costs despite the rate itself sitting below many parts of the country.
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