Cambridge, MA — income, home value, property tax, and sales tax.
Households in ZIP code 01748, near Cambridge, report a median income of $222,801, with per-capita income at $98,172. Homes here carry a median value of $802,700, and the county-level effective property tax rate of 1.03% translates into a substantial annual bill on that value. Sales tax is combined at 6.25%, so everyday purchases carry a smaller but steady cost. Together, these figures show a high-income area where property taxes on expensive housing form the dominant ongoing expense, far outweighing what sales tax adds over a year.
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