What is the average salary in Cambridge MA?

During the fourth quarter of 2022, according to the Massachusetts Department of Unemployment Assistance, the average annual wage earned in Cambridge for a full time job was $153,504. The 2017 - 2021 American Community Survey reports that median earnings for a full-time worker totaled $86,336.

What is a good salary in Cambridge Massachusetts?

Most salaries in Cambridge range between $67,650 (25th percentile) to $103,000 (75th percentile) annually.

What is a good salary for Cambridge?

Cambridge average salary comparison

The average salary is ranging between £33.1k in East Cambridgeshire and £51.5k in South Cambridgeshire. The UK average salary was £42.2k in 2023. Gross average salary is calculated for full-time employees. Employee has to be in the same job for over 12 months.

What is the average household income in Cambridge Massachusetts?

About. In 2021, Cambridge, MA had a population of 117k people with a median age of 30.5 and a median household income of $112,565.

Is it expensive to live in Cambridge MA?

Cambridge, Massachusetts's cost of living is 73% higher than the national average.

What is the cost of living in Cambridge Massachusetts?

What is the average price of a house in Cambridge?

The median list price of homes in Cambridge, ON overall was $795,171 in January 2024, compared to $778,410 in December 2023, trending up by 2.15% month-over-month.

Is Cambridge or Boston cheaper?

However East Boston, Dorchester, Roxburry are way cheaper than Cambridge and there are no cheap areas in Cambridge. So overall Boston is cheaper.

What is considered wealthy in Massachusetts?

As mentioned, Bostonians feel $2.9 million is the net worth needed to feel wealthy. This number is a three-year high. However, to feel financially comfortable, that number drops to $932k. This figure is actually lower than the $1.1 million survey response from 2021.

What is the racial makeup of Cambridge?

59.8% of the population identify as both White and Non-Hispanic. Among those under eighteen 46.3% are White Non-Hispanics. Sixty-eight percent of 2000 residents were White, 12% Black, 12% Asian or Pacific Islander, 3% described their race as "Other" and 5% selected two or more races.

How affluent is Cambridge?

There are a number of affluent communities in the city, with 26 out of 78 of small areas (Lower Super Output Areas consisting of about 600 households) falling within the 20% most wealthy areas in the country in the income domain of the Index of Multiple Deprivation (IMD).

How much does it cost to live in Cambridge per month?

Summary of cost of living in Cambridge, United Kingdom: A family of four estimated monthly costs are 3,780.9$ (2,995.4£) without rent. A single person estimated monthly costs are 1,088.5$ (862.4£) without rent.

Is it hard to get a job in Cambridge?

Not only is Cambridge a great place to work, it's also one of the easiest places in the country to find a new position. As @CambridgeNewsUK says, “The high level of employment, coupled with the abundant opportunities created by city businesses, means there are just 0.06 job seekers per vacancy in Cambridge.”

Why is Cambridge MA so expensive?

Cambridge, MA is the home to Harvard University, MIT, plenty of scientific institutes, and a huge startup scene. So, it's no surprise that it's a somewhat expensive place to live.

How much is 100k a year in MA?

If you make $100,000 a year living in the region of Massachusetts, USA, you will be taxed $27,662. That means that your net pay will be $72,338 per year, or $6,028 per month. Your average tax rate is 27.7% and your marginal tax rate is 36.6%.

What is the poverty line in Cambridge MA?

According to federal guidelines, a family of three with an annual income of $21,960 is considered below the poverty line. As the pandemic raged on during 2020, so did its impacts on marginalized communities in Cambridge, including families who were already struggling.

How many people in Massachusetts make over $1000000 a year?

In Massachusetts, there were about 16,000 income tax returns filed with incomes over $1 million, or about 0.47% of all taxpayers who filed in 2020.

What is the richest suburb in MA?

Dover – The Epitome of Wealth in Massachusetts

Nestled in Norfolk County, Massachusetts, Dover stands out as the wealthiest town in the state. With its picturesque landscapes, luxurious residences, and thriving community, Dover exemplifies economic stability and inclusivity.

What salary do you need to live comfortably in Boston?

Findings show that an individual in the Boston metro area needs to earn nearly $80,000 per year to live comfortably (based on a budget where 50% of income is for necessities, 30% for discretionary items, and 20% for savings or reducing debt).

Is 80k a good salary in Massachusetts?

A new report from SmartAsset says a single person in the Boston-Cambridge-Newton metro area has to pull in a salary of almost $80,000 a year to "live comfortably." The study is based on a theoretical budget where a person spends half their income on needs, 30% on "wants" and the rest on savings or repaying debt.

Is $80000 a good salary for a single person?

In some regions with a lower cost of living, a $80,000 salary can provide a comfortable lifestyle and the ability to save for the future, making it a good income for your age. However, in high-cost-of-living areas, this salary might require careful budgeting to maintain the same standard of living.

What is the quality of life in Cambridge MA?

The city that's home to some of the world's top colleges and universities got an "A+" grade for nightlife, family living, outdoor activities, commuting and health and fitness. It also got an "A" for diversity and public schools. Some of the drawbacks, however, include the weather and affordability.

How much is an Uber from Cambridge to Boston?

The average price for this trip is $20. Open the Uber app and input Boston MA in the “Where to?” box.

Is Chicago or Boston more expensive?

Boston is definitely more expensive than Chicago for both average rent price and median home price, but Boston residents make more money overall to compensate for that.