Cambridge, MD Cost Of Living
Cost Of Living In Cambridge, MD Summary
Cost of living in Cambridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cambridge is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Cambridge is 99, with 100 being the average.
The cost of living index in Cambridge is 1.0x lower than the national average.
Cambridge ranks as the #4 cheapest in Maryland out of 194.
Cambridge ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Cambridge is $264,094.
The median income in Cambridge is $46,261.
Table Of Contents
Cambridge's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cambridge, MD?
According to the most recent data on the cost of living, Cambridge has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Maryland, Cambridge has a cost of living index that's 0.8x lower than Maryland's index of 121.
The standard of living in Cambridge ranks as #4 most affordable out of the 194 places we measured in Maryland. By definition, that implies Cambridge ranks as the #190 most expensive place in the Old Line State.
For more reading on life in Cambridge, check out:
In Maryland
In America
Cambridge Cost Of Living Vs. Maryland
Six factors go into calculating the cost of living index in Cambridge. Here is how it fairs on each of the criteria:
The Services index in Cambridge is 106.
The Groceries index in Cambridge is 102.
The Health index in Cambridge is 103.
The Housing index in Cambridge is 92.
The Transportation index in Cambridge is 100.
The Utilities index in Cambridge is 95.
| Living Expense | Cambridge | Maryland | National Average | |
|---|---|---|---|---|
| Overall | 99 | 121 | 100 | |
| Services | 106 | 105 | 100 | |
| Groceries | 102 | 107 | 100 | |
| Health | 103 | 96 | 100 | |
| Housing | 92 | 150 | 100 | |
| Transportation | 100 | 99 | 100 | |
| Utilities | 95 | 113 | 100 | |
Cambridge, MD Housing Cost Breakdown
Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Cambridge is $264,094.
The Median Rent in Cambridge is $971.
The Median Income in Cambridge is $46,261.
The Home Value To Income in Cambridge is 5.7x.
The Rent To Monthly Income in Cambridge is 0.25x.
Median Home Value
Median Rent
Median Income
Cambridge, MD Costs By Category
Detailed Cambridge Services Costs Vs. Maryland
Detailed Cambridge Groceries Costs Vs. Maryland
Detailed Cambridge Health Costs Vs. Maryland
Detailed Cambridge Transportation Costs Vs. Maryland
Detailed Cambridge Utilities Costs Vs. Maryland
Cambridge SnackAbility
/10
Cost Of Living In Cities Around Cambridge
The cost of living varies in the cities and towns around Cambridge. Here's a quick look at the cost of living in the most populous nearby places:
Bowie, MD has a cost of living index of 134, 1.4x Cambridge.
Severna Park, MD has a cost of living index of 152, 1.5x Cambridge.
Crofton, MD has a cost of living index of 143, 1.4x Cambridge.
| City | Population | Cost Of Living | Vs. Cambridge |
|---|---|---|---|
| Bowie, MD | 57,771 | 134 | 1.4x |
| Severna Park, MD | 39,499 | 152 | 1.5x |
| Crofton, MD | 29,878 | 143 | 1.4x |
| Arnold, MD | 23,866 | 142 | 1.4x |
| Lake Shore, MD | 18,263 | 136 | 1.4x |
| Riviera Beach, MD | 12,608 | 121 | 1.2x |
| Annapolis Neck, MD | 12,484 | 164 | 1.7x |
| Mitchellville, MD | 11,325 | 139 | 1.4x |
| Cape St. Claire, MD | 9,016 | 136 | 1.4x |
| Edgewater, MD | 8,297 | 128 | 1.3x |
