2 Bedroom rent in Cambridge, MA 02141 is $3,340 while the average 2 bedroom rent in the US is $1,430. Grocery Cost Index in Cambridge is 115 versus 100 in the US. \nCambridge has a flourishing economy with many businesses and institutions of higher learning that attract top talent both nationally and internationally. Some of the notable companies based out of this city include Microsoft New England Research & Development Center, Novartis Institutes for BioMedical Research, Biogen, Akamai Technologies, Amazon Robotics and The Harvard Smithsonian Center for Astrophysics. Additionally, many start-ups have been founded on MIT’s campus such as Dropbox, Tumblr and Cyanogen. This allows residents to access good employment opportunities right from their city and enjoy a better quality of life.
Cambridge (zip 02141) has an unemployment rate of 3.7%. The US average is 6.0%.
Cambridge (zip 02141) has seen the job market decrease by -9.1% over the last 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%.
Tax Rates for Cambridge (zip 02141)
- The Sales Tax Rate for Cambridge (zip 02141) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Cambridge (zip 02141) is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cambridge (zip 02141)
- The average income of a Cambridge (zip 02141) resident is $62,095 a year. The US average is $37,638 a year.
- The Median household income of a Cambridge (zip 02141) resident is $96,563 a year. The US average is $69,021 a year.