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Cambridge, Massachusetts

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
118,796
Population
$130,748
Median Income
$1,092,100
Home Value
30.4
Median Age

Demographics

Cambridge has a population of 118,796 with a median age of 30.4. Here is the racial and ethnic breakdown of the population:

White
55.7%
Asian
20.4%
Black
10.5%
Hispanic
8.8%
Other
4.6%
Demographic Value
Total Population118,796
Median Age30.4
White55.7%
Black or African American10.5%
Asian20.4%
Hispanic or Latino8.8%
Other / Two or More Races4.6%
Cambridge, Massachusetts — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 55.7%Asian: 20.4%Black: 10.5%Hispanic/Latino: 8.8%Other: 4.6%118,796PopulationWhiteWhite55.7%AsianAsian20.4%BlackBlack10.5%Hispanic/LatinoHispanic/Latino8.8%OtherOther4.6%

Income & Economy

The median household income in Cambridge is $130,748, which is 62.2% above the national median of $80,610. The per capita income is $78,723. The poverty rate is 12.8%.

$130,748
Median Household Income
$78,723
Per Capita Income
12.8%
Poverty Rate

Employment

The unemployment rate in Cambridge is 3.1%, compared to the national rate of 4.1%.

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Education

In Cambridge, 96.0% of residents age 25+ have a high school diploma or higher, and 80.8% hold a bachelor's degree or higher (51.2% with a graduate or professional degree).

HS Diploma+
96.0%
Bachelor's+
80.8%
Graduate+
51.2%
Education Level % of Adults (25+)
High School Diploma or Higher96.0%
Bachelor's Degree or Higher80.8%
Graduate or Professional Degree51.2%

Housing

The median home value in Cambridge is $1,092,100, above the national median of $303,400. The median monthly rent is $2,787. The homeownership rate is 33.5%.

$1,092,100
Median Home Value
$2,787/mo
Median Rent
33.5%
Homeownership Rate
Housing Metric Value
Median Home Value$1,092,100
Median Monthly Rent$2,787
Homeownership Rate33.5%
Vacancy Rate9.8%

Salaries in Massachusetts

Explore salary data for popular occupations in Massachusetts:

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Other Cities in Massachusetts

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Frequently Asked Questions

What is the population of Cambridge, Massachusetts?
The population of Cambridge, Massachusetts is 118,796 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Cambridge, Massachusetts?
The median household income in Cambridge, Massachusetts is $130,748. This is 62.2% above the national median of $80,610.
What is the median home value in Cambridge, Massachusetts?
The median home value in Cambridge, Massachusetts is $1,092,100. The median monthly rent is $2,787.
What percentage of people in Cambridge have a college degree?
In Cambridge, Massachusetts, 80.8% of adults age 25 and older hold a bachelor's degree or higher, and 96.0% have a high school diploma or higher.
Is Cambridge, Massachusetts an affordable place to live?
The home price-to-income ratio in Cambridge, Massachusetts is 8.4x (median home value $1,092,100 vs. median income $130,748), making it relatively expensive by that measure. A ratio under 4.0 is generally considered affordable.

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