Discretionary Income in Cambridge, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Cambridge, MA is ranked 323rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Cambridge, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$5,980
Discretionary Income
$748
With a gross annual salary of $100,000 in Cambridge, MA, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Cambridge is $5,980, you would have around $748 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Cambridge, MA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Cambridge, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Cambridge, MA |
|---|---|
| $30,000 | -$3,748 |
| $40,000 | -$3,056 |
| $50,000 | -$2,365 |
| $60,000 | -$1,685 |
| $70,000 | -$1,077 |
| $80,000 | -$468 |
| $90,000 | $140 |
| $100,000 | $748 |
| $110,000 | $1,355 |
| $120,000 | $1,947 |
| $130,000 | $2,539 |
| $140,000 | $3,130 |
| $150,000 | $3,722 |
| $175,000 | $5,201 |
| $200,000 | $6,653 |
| $250,000 | $9,266 |
| $300,000 | $11,766 |
| $350,000 | $14,266 |
| $400,000 | $16,766 |
| $450,000 | $19,266 |
| $500,000 | $21,766 |
Discretionary Income in Cambridge, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Cambridge, MA is ranked 324th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Cambridge, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,995
Discretionary Income
$2,734
With a gross annual salary of $100,000 in Cambridge, MA, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Cambridge is $3,995, singles would have around $2,734 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Cambridge, MA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Cambridge, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Cambridge, MA |
|---|---|
| $30,000 | -$1,763 |
| $40,000 | -$1,071 |
| $50,000 | -$380 |
| $60,000 | $300 |
| $70,000 | $909 |
| $80,000 | $1,517 |
| $90,000 | $2,125 |
| $100,000 | $2,734 |
| $110,000 | $3,341 |
| $120,000 | $3,932 |
| $130,000 | $4,524 |
| $140,000 | $5,116 |
| $150,000 | $5,707 |
| $175,000 | $7,186 |
| $200,000 | $8,639 |
| $250,000 | $11,251 |
| $300,000 | $13,751 |
| $350,000 | $16,251 |
| $400,000 | $18,751 |
| $450,000 | $21,251 |
| $500,000 | $23,751 |
Discretionary Income in Cambridge, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Cambridge, MA is ranked 323rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Cambridge, MA
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$5,981
Discretionary Income
$747
With a gross annual salary of $100,000 in Cambridge, MA, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Cambridge is $5,981, couples would have around $747 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Cambridge, MA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Cambridge, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Cambridge, MA |
|---|---|
| $30,000 | -$3,749 |
| $40,000 | -$3,057 |
| $50,000 | -$2,366 |
| $60,000 | -$1,686 |
| $70,000 | -$1,078 |
| $80,000 | -$469 |
| $90,000 | $139 |
| $100,000 | $747 |
| $110,000 | $1,355 |
| $120,000 | $1,946 |
| $130,000 | $2,538 |
| $140,000 | $3,130 |
| $150,000 | $3,721 |
| $175,000 | $5,200 |
| $200,000 | $6,653 |
| $250,000 | $9,265 |
| $300,000 | $11,765 |
| $350,000 | $14,265 |
| $400,000 | $16,700 |
| $450,000 | $19,116 |
| $500,000 | $21,533 |
Discretionary Income in Cambridge, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Cambridge, MA is ranked 323rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Cambridge, MA
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$5,778
Discretionary Income
$1,212
With a gross annual salary of $100,000 in Cambridge, MA, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Cambridge is $5,778, single parents would have around $1,212 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Cambridge, MA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Cambridge, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Cambridge, MA |
|---|---|
| $30,000 | -$3,479 |
| $40,000 | -$2,777 |
| $50,000 | -$2,085 |
| $60,000 | -$1,394 |
| $70,000 | -$702 |
| $80,000 | -$10 |
| $90,000 | $603 |
| $100,000 | $1,212 |
| $110,000 | $1,820 |
| $120,000 | $2,422 |
| $130,000 | $3,014 |
| $140,000 | $3,605 |
| $150,000 | $4,197 |
| $175,000 | $5,676 |
| $200,000 | $7,155 |
| $250,000 | $9,800 |
| $300,000 | $12,305 |
| $350,000 | $14,805 |
| $400,000 | $17,305 |
| $450,000 | $19,805 |
| $500,000 | $22,305 |
Discretionary Income in Cambridge, MA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Cambridge, MA is ranked 326th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Cambridge, MA
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$8,166
Discretionary Income
-$936
With a gross annual salary of $100,000 in Cambridge, MA, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Cambridge is $8,166, families would have around -$936 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Cambridge, MA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Cambridge, MA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Cambridge, MA |
|---|---|
| $30,000 | -$5,810 |
| $40,000 | -$5,102 |
| $50,000 | -$4,394 |
| $60,000 | -$3,702 |
| $70,000 | -$3,011 |
| $80,000 | -$2,319 |
| $90,000 | -$1,627 |
| $100,000 | -$936 |
| $110,000 | -$244 |
| $120,000 | $424 |
| $130,000 | $1,032 |
| $140,000 | $1,640 |
| $150,000 | $2,249 |
| $175,000 | $3,770 |
| $200,000 | $5,290 |
| $250,000 | $8,280 |
| $300,000 | $11,238 |
| $350,000 | $14,196 |
| $400,000 | $17,101 |
| $450,000 | $19,726 |
| $500,000 | $22,326 |