With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Cambridge, MA.
Cambridge is a city known for its thriving education and technology industries. This remarkable location fosters a strong environment for growth, attracting top talent from around the world. Innovative minds benefit from well-established institutions and cutting-edge tech companies that call Cambridge home. With an emphasis on quality education and state-of-the-art technology, this city truly stands as a beacon of excellence in these industries.
The city presents an impressive employment landscape, with numerous job opportunities and competitive salaries. In fact, the average salary in the city is $97,554, which is a substantial 40.92% higher than the national average. A majority of residents, around 67%, enjoy the benefit of being insured by their employers, further adding to the attractiveness of working here. However, it is important to consider that the cost of living index is about 74% higher than average, reflecting the increased expenses associated with residing in such a sought-after location. The average commute time for workers is 26.5 minutes, which might be reasonable for many individuals seeking a balance between career and lifestyle. Overall, the city provides a promising environment for those looking to advance their careers while enjoying a high quality of life
The local economy in Cambridge, MA showcases a commendable unemployment rate of 3.70%, which is below the country's average of 3.8%. This denotes a healthy job market for potential candidates looking to work in this city. Furthermore, the future job market growth in Cambridge is expected to be very strong, providing an optimistic outlook for both current residents and newcomers seeking employment opportunities. Overall, the city presents a stable and flourishing economy with an attractive job market.
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