Cambridge, MA — income, home value, property tax, and sales tax.
In ZIP code 02421, near Cambridge, homes carry a median value of $1,205,700, and the county-level effective property tax rate of 1.03% translates into a substantial annual bill. Yet household earnings are unusually strong: median household income reaches $227,813, and per-capita income stands at $112,662. That earning power helps offset what the tax rate demands on such high-value property. Sales tax in the area combines to 6.25%. The result is a housing market where steep purchase prices and corresponding tax obligations are balanced against incomes well above national norms, keeping ownership within reach for many who live here.
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