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.
Median Household Income
$130,748
Annual · Census ACS
Median Gross Rent
$2,787
Per month · Census ACS
Median Home Value
$1,092,100
Census ACS
Cost of Living Index
110.4
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
Each category is 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
5
Tracked in our database
Avg Walk Score
58
0–100 scale
Avg Median Rent
N/A
Per month
Avg Home Value
N/A
Census ACS
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%
What is the cost of living index for Cambridge?
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.
What is the median rent in Cambridge?
The median gross rent in Cambridge is $2,787 per month according to US Census ACS data.
What is the median household income in Cambridge?
The median household income in Cambridge is $130,748 per year.
What is the median home value in Cambridge?
The median home value in Cambridge is $1,092,100 based on the latest Census ACS survey.
How is the air quality in Cambridge?
Air quality data for Cambridge is not yet available.
What are the taxes like in Cambridge?
Tax data for Massachusetts is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
