Cambridge, MA — income, home value, property tax, and sales tax.
In ZIP code 02493, near Cambridge, homes carry a median value of $1,694,400, and the county-level effective property tax rate of 1.03% translates into a substantial annual bill. Households here report a median income of $250,001, with per-capita income at $136,646, so earnings run high enough to absorb that cost. A combined sales tax of 6.25% applies to purchases. The relationship between steep property values and strong incomes shapes daily life in this area, where owning a home demands significant capital yet remains within reach for many who live there.
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