Cambridge, MA — income, home value, property tax, and sales tax.
In ZIP code 02461, near Cambridge, homes carry a median value of $1,255,400, and the county-level effective property tax rate of 1.03% translates into a substantial annual bill. Households here report a median income of $224,000, with per-capita income at $109,070, so earnings are high enough to absorb that cost without displacing most owners. A 6.25% combined sales tax applies to purchases in the area. The relationship between seven-figure property values and six-figure incomes keeps ownership within reach for many who already live here, though entry for newcomers demands considerable capital.
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