Cambridge, MA — income, home value, property tax, and sales tax.
ZIP code 02451, spanning part of Cambridge, ranks among the more affluent areas in the region. A median household income of $122,335 and per-capita income of $67,455 sit well above national averages, while a median home value of $753,000 signals a costly housing market. Property taxes are levied at 1.03% countywide, which on a home at that median value would run roughly $7,750 annually. Sales tax adds 6.25% to purchases. Together these figures describe a well-off community where high earnings coexist with a substantial tax load tied largely to expensive real estate.
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