Income and Inequality
With a median household income topping $95,000, Cambridge ranks fourth in income among today’s leading innovation cities. In fact, Cambridge now ranks among the top cities in almost every measure of income — and also of inequality. Cambridge has the fourth-highest median household income, at just over $95,000, behind only Arlington, Virginia, with $117,374, San Francisco ($104,552), and San Jose ($104,234), and well above the 25-city median of $60,760. Cambridge led all innovation cities in income growth in the past decade.
However, of the 25 innovation cities, Cambridge has the seventh-largest gap between average households in the top and bottom quintiles, behind only Boston, Atlanta, Washington, D.C., New York, Miami, and San Francisco, with the average household income in the highest quintile earning 25 times as much as in the lowest quintile.