Cambridge, MA — income, home value, property tax, and sales tax.
In ZIP code 02453, near Cambridge, homes carry a median value of $705,100, and the county-level property tax rate of 1.03% works out to roughly $7,260 a year on such a home. Households here bring in a median of $115,366, so that tax bill equals about 6.3% of annual income before any exemptions. Per-capita income sits at $56,697. Add the 6.25% combined sales tax on purchases, and ownership costs stack up quickly in a market where prices already run high.
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