Cambridge, Massachusetts has an overall cost of living index of 110.4, which is 10.4 points above the US average of 100 — making it pricier than most American cities. Renters pay a median of $2,787 per month, while the typical home is valued around $1,092,100. Households earn a median of $130,748 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
$130,748
Median Income / yr
Census ACS
$2,787
Median Rent / mo
Census ACS
$1,092,100
Median Home Value
Census ACS
110.4
Cost of Living Index
1BR Fair Market Rent
N/A
HUD · FY2024
2BR Fair Market Rent
N/A
HUD · FY2024
3BR Fair Market Rent
N/A
HUD · FY2024
Fair Market Rent is the 40th percentile of gross rents in the metro area · HUD FY2024
Each category indexed to the US average of 100. Below 100 = cheaper than average.
Overall
110.4
Goods
100.8
Rents / Housing
148.2
Services
172.2
Source: BEA Regional Price Parities (metro-level)
| Occupation | Median Annual Wage |
|---|---|
| Software Developer | $154,840 |
| Registered Nurse | $115,710 |
| Elementary Teacher | $85,910 |
| Electrician | $83,410 |
| Accountant | $103,570 |
| Plumber | $89,040 |
| Nurse Practitioner | $217,910 |
| Civil Engineer | $116,860 |
| Operations Manager | $163,750 |
| Market Research Analyst | $100,900 |
| Health Services Manager | $165,730 |
| Truck Driver | $60,540 |
| Physician Assistant | N/A |
| Surgeon | N/A |
| Data Scientist | N/A |
| Computer Engineer | $175,380 |
Source: BLS OEWS 2023 (metro-level data)
Population
118,796
Latest estimate
Median Age
30.4 yrs
Census ACS
AQI data not available
Source: EPA AirNow
Total Neighborhoods
6
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$2,663
Per month
Avg Home Value
$1,041,250
Census ACS
| Neighborhood | Walk Score | Median Rent | Home Value |
|---|---|---|---|
| ZIP 02138 | — | $2,641 | $1,053,700 |
| ZIP 02139 | — | $2,501 | $1,027,300 |
| ZIP 02140 | — | $2,566 | $994,800 |
| ZIP 02141 | — | $2,591 | $883,500 |
| ZIP 02142 | — | $3,501 | $1,566,200 |
| ZIP 02472 | — | $2,179 | $722,000 |
January Avg
30°F
July Avg
74°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Continental · Source: NOAA/NCEI 30-year normals.
Healthcare Score
32.5
poor
Hospitals
2
Doctors per 1,000
1.00
Insurance Coverage
98.3%
Cambridge has a Regional Price Parity (RPP) index of 110.4. The US national average is 100, so Cambridge is 10.4 points above the national average.
The median gross rent in Cambridge is $2,787 per month according to US Census ACS data.
The median household income in Cambridge is $130,748 per year.
The median home value in Cambridge is $1,092,100 based on the latest Census ACS survey.
Air quality data for Cambridge is not yet available.
Tax data for Massachusetts is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
