Economy, jobs and prices in Cambridge, Massachusetts: official figures
The median household income in Cambridge was $130,748 a year in the 2020-2024 American Community Survey (in 2024 dollars), 70th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Massachusetts median $103,960.
What is the per capita income in Cambridge?
Income per resident (per capita income) in Cambridge averaged $78,723 a year in 2020-2024, 29th highest of 823 US cities of 50,000 or more (US: $44,673; Massachusetts: $57,897).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Cambridge?
Cambridge's Gini index of household income inequality was 0.496 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 114th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Cambridge, Massachusetts?
3.4% of the civilian labor force in Cambridge was unemployed on average over 2020-2024 (2,494 people), 86th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Massachusetts' 5.2%.
Source: U.S. Census Bureau · saved copyHow many people in Cambridge have jobs?
70,999 residents of Cambridge held civilian jobs, 67.1% of those aged 16 and over (US: 59.7%), and 139 served in the armed forces.
Source: U.S. Census Bureau · saved copyWhat are the main industries in Cambridge?
The largest industry group for working residents of Cambridge was education, health care and social assistance (40.9% of employed residents), followed by professional, scientific, management and administrative services (24.5%) and manufacturing (7.0%), 2020-2024.
Source: U.S. Census Bureau · saved copyHow many people in Cambridge work in manufacturing?
Manufacturing employed 7.0% of working residents of Cambridge, 258th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 24.5% (US: 12.6%).
Source: U.S. Census Bureau · saved copyHow long is the commute in Cambridge, Massachusetts?
Commuters in Cambridge took 25.8 minutes on average to get to work in 2020-2024, 337th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 5.4% travelled an hour or more and 21.7% less than 15 minutes.
Source: U.S. Census Bureau · saved copyHow do people in Cambridge get to work?
30.8% of workers living in Cambridge worked from home in 2020-2024, 39th highest of 823 US cities of 50,000 or more (US: 15.1%). 19.7% drove to work alone, 2.5% carpooled, 18.0% used public transport and 19.2% walked.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Cambridge, Massachusetts?
The median gross rent (rent plus utilities) in Cambridge was $2,787 a month in 2020-2024, 26th highest of 823 US cities of 50,000 or more (US: $1,413; Massachusetts: $1,762).
Source: U.S. Census Bureau · saved copyHow much does a house cost in Cambridge?
Owner-occupied homes in Cambridge had a median value of $1,092,100 in 2020-2024 as estimated by their owners, 43rd highest of 823 US cities of 50,000 or more (US: $332,700; Massachusetts: $562,100).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Cambridge?
The median home value in Cambridge was 8.4 times the median household income, 64th highest of 823 US cities of 50,000 or more (US: 4.1 times).
Source: U.S. Census Bureau · saved copyHow many households in Cambridge have no internet?
2.4% of households in Cambridge (1,188) had no internet access at home in 2020-2024, 129th lowest of 823 US cities of 50,000 or more (US: 6.5%); 6.7% relied on a cellular data plan alone (US: 11.5%).
Source: U.S. Census Bureau · saved copyHow Cambridge compares with other cities in the United States
Median household income (2024 dollars) (2020-2024)
Cambridge ranks 70 of 823, highest first.
| Rank | City | Median household income (2024 dollars) |
|---|---|---|
| 67 | Centennial | $131,928 |
| 68 | Lehi | $131,299 |
| 69 | Allen | $130,901 |
| 70 | Cambridge | $130,748 |
| 71 | Eden Prairie | $130,489 |
| 72 | Walnut Creek | $130,432 |
| 73 | Fishers | $130,203 |
Per capita income (2024 dollars) (2020-2024)
Cambridge ranks 29 of 823, highest first.
| Rank | City | Per capita income (2024 dollars) |
|---|---|---|
| 26 | Sandy Springs | $83,136 |
| 27 | Redondo Beach | $81,707 |
| 28 | Alexandria | $79,474 |
| 29 | Cambridge | $78,723 |
| 30 | San Clemente | $78,623 |
| 31 | Laguna Niguel | $77,395 |
| 32 | Washington | $77,348 |
Gini index of household income inequality (2020-2024)
Cambridge ranks 114 of 823, highest first.
| Rank | City | Gini index of household income inequality |
|---|---|---|
| 111 | St. Petersburg | 0.496 |
| 112 | Newark | 0.496 |
| 113 | Midland | 0.496 |
| 114 | Cambridge | 0.496 |
| 115 | Columbia | 0.495 |
| 116 | Burbank | 0.495 |
| 117 | Mobile | 0.495 |
Unemployment rate (share of civilian labor force) (2020-2024)
Cambridge ranks 738 of 823, highest first.
| Rank | City | Unemployment rate (share of civilian labor force) |
|---|---|---|
| 735 | Burleson | 3.5% |
| 736 | Cary | 3.5% |
| 737 | Bartlett | 3.4% |
| 738 | Cambridge | 3.4% |
| 739 | Holly Springs | 3.4% |
| 740 | Charleston | 3.4% |
| 741 | Amarillo | 3.4% |
Labor force participation rate (16 and over) (2020-2024)
Cambridge ranks 173 of 823, highest first.
| Rank | City | Labor force participation rate (16 and over) |
|---|---|---|
| 170 | Danbury | 69.7% |
| 171 | San Francisco | 69.6% |
| 172 | Greer | 69.6% |
| 173 | Cambridge | 69.6% |
| 174 | Allen | 69.6% |
| 175 | Lake Forest | 69.6% |
| 176 | Rogers | 69.6% |
Mean travel time to work (minutes) (2020-2024)
Cambridge ranks 337 of 823, highest first.
| Rank | City | Mean travel time to work (minutes) |
|---|---|---|
| 334 | Centennial | 25.9 |
| 335 | Laguna Niguel | 25.9 |
| 336 | Florissant | 25.8 |
| 337 | Cambridge | 25.8 |
| 338 | Fall River | 25.8 |
| 339 | Milpitas | 25.8 |
| 340 | Peabody | 25.8 |
Workers who worked from home (2020-2024)
Cambridge ranks 39 of 823, highest first.
| Rank | City | Workers who worked from home |
|---|---|---|
| 36 | Folsom | 31.0% |
| 37 | Oak Park | 31.0% |
| 38 | San Francisco | 31.0% |
| 39 | Cambridge | 30.8% |
| 40 | Walnut Creek | 30.8% |
| 41 | Austin | 30.7% |
| 42 | Leander | 30.6% |
Workers commuting by public transportation (2020-2024)
Cambridge ranks 18 of 823, highest first.
| Rank | City | Workers commuting by public transportation |
|---|---|---|
| 15 | Hempstead | 19.2% |
| 16 | Malden | 18.8% |
| 17 | San Francisco | 18.7% |
| 18 | Cambridge | 18.0% |
| 19 | Chicago | 17.7% |
| 20 | Philadelphia | 16.7% |
| 21 | Quincy | 16.3% |
Employed residents working in manufacturing (2020-2024)
Cambridge ranks 566 of 823, highest first.
| Rank | City | Employed residents working in manufacturing |
|---|---|---|
| 563 | Medford | 7.1% |
| 564 | Roswell | 7.1% |
| 565 | Victorville | 7.0% |
| 566 | Cambridge | 7.0% |
| 567 | San Luis Obispo | 7.0% |
| 568 | Lawrence | 7.0% |
| 569 | Parker | 7.0% |
Employed residents in education, health care and social assistance (2020-2024)
Cambridge ranks 7 of 823, highest first.
| Rank | City | Employed residents in education, health care and social assistance |
|---|---|---|
| 4 | Stillwater | 43.1% |
| 5 | Champaign | 42.3% |
| 6 | New Haven | 41.3% |
| 7 | Cambridge | 40.9% |
| 8 | Davis | 40.8% |
| 9 | Corvallis | 40.4% |
| 10 | Bloomington | 40.2% |
Median gross rent per month (2020-2024)
Cambridge ranks 26 of 823, highest first.
| Rank | City | Median gross rent per month |
|---|---|---|
| 23 | Mission Viejo | $2,839 |
| 24 | Carlsbad | $2,808 |
| 25 | South San Francisco | $2,802 |
| 26 | Cambridge | $2,787 |
| 27 | Brentwood | $2,758 |
| 28 | Camarillo | $2,734 |
| 29 | Union City | $2,713 |
Median value of owner-occupied homes (2020-2024)
Cambridge ranks 43 of 823, highest first.
| Rank | City | Median value of owner-occupied homes |
|---|---|---|
| 40 | Glendale | $1,102,300 |
| 41 | Huntington Beach | $1,100,000 |
| 42 | Pasadena | $1,093,300 |
| 43 | Cambridge | $1,092,100 |
| 44 | Burbank | $1,089,100 |
| 45 | Torrance | $1,074,700 |
| 46 | Fountain Valley | $1,072,300 |
Median home value as a multiple of median household income (2020-2024)
Cambridge ranks 61 of 820, highest first.
| Rank | City | Median home value as a multiple of median household income |
|---|---|---|
| 58 | Tustin | 8.4x |
| 59 | San Jose | 8.4x |
| 60 | San Diego | 8.4x |
| 61 | Cambridge | 8.4x |
| 62 | Diamond Bar | 8.3x |
| 63 | San Leandro | 8.3x |
| 64 | Miami | 8.3x |
Occupied homes lived in by their owners (2020-2024)
Cambridge ranks 804 of 823, highest first.
| Rank | City | Occupied homes lived in by their owners |
|---|---|---|
| 801 | Camden | 34.4% |
| 802 | Somerville | 34.2% |
| 803 | Hoboken | 33.8% |
| 804 | Cambridge | 33.5% |
| 805 | New York | 32.8% |
| 806 | Greenville | 32.7% |
| 807 | East Orange | 31.0% |
Households with a broadband subscription (2020-2024)
Cambridge ranks 211 of 823, highest first.
| Rank | City | Households with a broadband subscription |
|---|---|---|
| 208 | Apple Valley | 94.8% |
| 209 | Hayward | 94.8% |
| 210 | Rancho Cucamonga | 94.8% |
| 211 | Cambridge | 94.8% |
| 212 | Olympia | 94.8% |
| 213 | Chula Vista | 94.7% |
| 214 | Deltona | 94.7% |
Households with no internet access (2020-2024)
Cambridge ranks 695 of 823, highest first.
| Rank | City | Households with no internet access |
|---|---|---|
| 692 | Chino | 2.4% |
| 693 | Troy | 2.4% |
| 694 | Redwood City | 2.4% |
| 695 | Cambridge | 2.4% |
| 696 | Encinitas | 2.4% |
| 697 | Orem | 2.4% |
| 698 | Olathe | 2.4% |
More on Cambridge: overview · health · education and schools · poverty and living standards · government budget · all cities in the United States
Sources
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08013: Aggregate Travel Time to Work (in Minutes) of Workers by Sex (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 6939fdfa046fd5bb829ec8da9549e66298cc740f6a3f5dd60e1920a08e3083fb), read 23 October 2026 · saved copy (SHA-256 5f94e7878b6a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B23025: Employment Status for the Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 264a5bd9367c5f58d9773fa4966fa94fe1e02f9c7106bc2ab39168d6de7c3e4a), read 23 October 2026 · saved copy (SHA-256 2630e6946370…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19083: Gini Index of Income Inequality (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 338f7a1191eaaf3913913e78c36aaa9d82f2b5c8faaf889be2e597b28869205e), read 23 October 2026 · saved copy (SHA-256 b8cf854b1f94…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table C24030: Sex by Industry for the Civilian Employed Population 16 Years and Over (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 66a2799a71a5fc36f0e3bc22767fe5bdd8f96eb29e85b91311e990d35cc14114), read 23 October 2026 · saved copy (SHA-256 5d717c57e7e4…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19013: Median Household Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b25a176b0e6c339b6f3a2a0d3d8446bf06f5f080b4395993ec9a8313efb1c229), read 23 October 2026 · saved copy (SHA-256 1d8a264807c6…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B08301: Means of Transportation to Work (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 552b24c135b6e7c566910914a861cda6fc798ba0cd47801b1eb64295a128c2ee), read 23 October 2026 · saved copy (SHA-256 eaf823006d53…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B19301: Per Capita Income in the Past 12 Months (in 2024 Inflation-Adjusted Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 9fc107e98fee7fa49bb8314560205569184fad65fb64b80adb5c5bdd83ccc409), read 23 October 2026 · saved copy (SHA-256 24c1e725b26a…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25064: Median Gross Rent (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 b36e6dc1fcef36b8b307d31b37517b64c80d8b9c70d48c9b1894242860f42eb0), read 23 October 2026 · saved copy (SHA-256 b842a7ff825c…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25077: Median Value (Dollars) (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 89eb2153764a2330b23959d8bbc29b3a8f3016f087b990f2a8ea0d5096d9a816), read 23 October 2026 · saved copy (SHA-256 22b59a3b1acb…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B28002: Presence and Types of Internet Subscriptions in Household (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 12446ff0691b8818f5908cdc398817361772c5b3078c506d0409adc9c841840b), read 23 October 2026 · saved copy (SHA-256 4b375b368bf9…)
- U.S. Census Bureau: American Community Survey 2020-2024 5-year estimates, table B25003: Tenure (Summary File rows for the US, the states and the listed cities, copied unchanged from the full file, sha256 68e963e1ed60fcf6b0658579cefc6498b7a9eb780b9f3e87fd1b9775c4d4ac6c), read 23 October 2026 · saved copy (SHA-256 2983c28f47fa…)
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