Fact text

  • Harvard University, founded in Cambridge in 1636, is the oldest university in the entire United States, older than the country itself by 140 years.
  • Kendall Square near MIT has been dubbed 'the most innovative square mile on the planet,' with over 250 biotech companies calling Cambridge home.
  • Cambridge was originally called 'Newe Towne', not exactly the snappiest name, which may be why they eventually borrowed the name from England's famous university.
Your
Cambridge
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
Stat icon
117822
+
Total Population
Stat icon
$
107490
Median Income
Stat icon
$
843100
Median Home
Stat icon
12
%
Age 65+
Retirement Suitability
How
Cambridge
ranks for retirees?
21
/ 100

A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.

Tax
8
Affordability
6
Healthcare
43
Climate
31

Results

Cambridge

Suitability Breakdown

Retirement tax planning
01 - Taxes

Retirement Tax Treatment

Tax
8

Massachusetts does not tax Social Security benefits, though a state income tax does apply to other retirement income.

State sales tax here runs about

%.

Source · Tax Foundation
8
Retirement tax planning
02 - Income

Annuity Rates Available Here

Affordability
6

Fixed annuity rates reach up to

7

% on 5-year terms, with most landing between

5

% and

5

%.

Source · Cannex
6
Retirement tax planning
03 - Healthcare

Hospital Access & Quality

Healthcare
43

The area has

11

Medicare-certified hospitals, averaging a

3

/5 CMS quality rating.

Source · CMS Hospital Compare
3
Retirement tax planning
04 - Climate

Weather & Comfort

Climate
31

A

Cold / Snowy

climate — summers peak near

81

°F, winters dip to about

21

°F, with roughly

″ of snow a year.

Source · NOAA Climate Normals
Cold / Snowy
Retirement tax planning
05 - Risk

Natural Disaster Risk

Risk
Relatively High

FEMA's overall natural-disaster risk rating for this county on the National Risk Index.

Source · FEMA National Risk Index
Relatively High

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