Everything You Need to Know About the City of Cambridge Massachusetts
In 2017, Cambridge, Massachusetts had a population of 111k people with a median age of 30.4 and a median household income of $89,145. Between 2016 and 2017 the population of Cambridge, MA grew from 108,757 to 110,893, a 1.96% increase and its median household income grew from $83,122 to $89,145, a 7.25% increase.
The population of Cambridge, MA is 61.6% White Alone, 15.7% Asian Alone, and 10% Black or African American Alone. N/A% of the people in Cambridge, MA communicate in a non-English language, and 82.1% are U.S. citizens.
The largest universities in Cambridge, MA are Harvard University (8,797 degrees awarded in 2017), Massachusetts Institute of Technology (3,710 degrees), and Lesley University (1,447 degrees).
The median property value in Cambridge, MA is $670,200, and the homeownership rate is 36.2%. A great many people in Cambridge, MA drive-by Public Transit, and the average drive time is 23.7 minutes. The average vehicle proprietorship in Cambridge, MA is 1 vehicle for every household.
In 2017, universities in Cambridge, MA awarded 15,420 degrees. The student population of Cambridge, MA is skewed towards men, with 25,422 male students and 24,911 female students.
Most students graduating from Universities in Cambridge, MA are White (5,973 and 54%), followed by Asian (2,029 and 18.4%), Hispanic or Latino (1,212 and 11%), and Black or African American (728 and 6.59%).
The largest universities in Cambridge, MA by the number of degrees awarded are Harvard University (8,797 and 57%), Massachusetts Institute of Technology (3,710 and 24.1%), and Lesley University (1,447 and 9.38%).
The most popular majors in Cambridge, MA are General Business Administration & Management (1,504 and 9.75%), Computer Science (844 and 5.47%), and General Education (790 and 5.12%).
The median tuition costs in Cambridge, MA are $39,800 for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Cambridge, MA employs 65.2k people and Cambridge has an unemployment rate of 2.2%. Cambridge has seen the job market increase by 4.3% throughout the most recent year. Future job growth over the next ten years is predicted to be 42.4%, which is higher than the US average of 33.5%. The biggest businesses in Cambridge, MA are Educational Services (18,513 people), Professional, Scientific, and Technical Services (12,835 people), and Health Care and Social Assistance (8,173 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($100,368), Utilities ($98,333), and Finance & Insurance ($83,196).
Households in Cambridge, MA have a median annual income of $89,145, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $83,122 in 2016, which represents a 7.25% annual growth.
Tax Rates for Cambridge
– The Sales Tax Rate for Cambridge is 6.3%.
– The Income Tax Rate for Cambridge is 5.1%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Cambridge
– The average income of a Cambridge resident is $48,446 a year.
– The Median household income of a Cambridge resident is $75,909 a year.
