Cambridge has a population of 117,962 with a median age of 30.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 117,962 |
| Median Age | 30.6 |
| White | 59.3% |
| Black or African American | 10.8% |
| Asian | 19.3% |
| Hispanic or Latino | 8.7% |
| Other / Two or More Races | 1.9% |
The median household income in Cambridge is $121,539, which is 61.7% above the national median of $75,149. The per capita income is $72,975. The poverty rate is 12.1%.
The unemployment rate in Cambridge is 3.3%, compared to the national rate of 5.4%.
In Cambridge, 95.6% of residents age 25+ have a high school diploma or higher, and 79.9% hold a bachelor's degree or higher (49.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.6% |
| Bachelor's Degree or Higher | 79.9% |
| Graduate or Professional Degree | 49.5% |
The median home value in Cambridge is $997,600, above the national median of $281,900. The median monthly rent is $2,628. The homeownership rate is 33.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $997,600 |
| Median Monthly Rent | $2,628 |
| Homeownership Rate | 33.6% |
| Vacancy Rate | 8.3% |
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