Cambridge, MN Cost Of Living
Cost Of Living In Cambridge, MN 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 Minnesota, 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 97, with 100 being the average.
The cost of living index in Cambridge is 1.0x lower than the national average.
Cambridge ranks as the #32 cheapest in Minnesota out of 147.
Cambridge ranks as the #2,747 cheapest out of 6,412 in the US.
The median home value in Cambridge is $187,500.
The median income in Cambridge is $57,969.
Table Of Contents
Cambridge's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cambridge, MN?
According to the most recent data on the cost of living, Cambridge has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to Minnesota, Cambridge has a cost of living index that's 1.0x higher than Minnesota's index of 95.
The standard of living in Cambridge ranks as #32 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Cambridge ranks as the #115 most expensive place in the North Star State.
For more reading on life in Cambridge, check out:
- Living In Cambridge
- Cambridge Crime Report
- Search Homes For Sale In Cambridge, MN
In Minnesota
In America
Cambridge Cost Of Living Vs. Minnesota
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 110.
The Groceries index in Cambridge is 102.
The Health index in Cambridge is 101.
The Housing index in Cambridge is 80.
The Transportation index in Cambridge is 100.
The Utilities index in Cambridge is 99.
| Living Expense | Cambridge | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 97 | 95 | 100 | |
| Services | 110 | 101 | 100 | |
| Groceries | 102 | 98 | 100 | |
| Health | 101 | 111 | 100 | |
| Housing | 80 | 83 | 100 | |
| Transportation | 100 | 98 | 100 | |
| Utilities | 99 | 95 | 100 | |
Cambridge, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Cambridge is $187,500.
The Median Rent in Cambridge is $1,079.
The Median Income in Cambridge is $57,969.
The Home Value To Income in Cambridge is 3.2x.
The Rent To Monthly Income in Cambridge is 0.22x.
| Statistic | Cambridge | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $187,500 | $250,200 | $244,900 |
| Median Rent | $1,079 | $1,081 | $1,163 |
| Median Income | $57,969 | $77,706 | $69,021 |
| Home Value To Income | 3.2x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Cambridge, MN Costs By Category
Detailed Cambridge Services Costs Vs. Minnesota
Detailed Cambridge Groceries Costs Vs. Minnesota
Detailed Cambridge Health Costs Vs. Minnesota
Detailed Cambridge Transportation Costs Vs. Minnesota
Detailed Cambridge Utilities Costs Vs. Minnesota
Cambridge SnackAbility
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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:
East Bethel, MN has a cost of living index of 107, 1.1x Cambridge.
North Branch, MN has a cost of living index of 99, 1.0x Cambridge.
Oak Grove, MN has a cost of living index of 113, 1.2x Cambridge.
| City | Population | Cost Of Living | Vs. Cambridge |
|---|---|---|---|
| East Bethel, MN | 11,818 | 107 | 1.1x |
| North Branch, MN | 10,742 | 99 | 1.0x |
| Oak Grove, MN | 8,870 | 113 | 1.2x |
| St. Francis, MN | 8,099 | 102 | 1.1x |
| Wyoming, MN | 7,984 | 107 | 1.1x |
| Isanti, MN | 6,667 | 98 | 1.0x |
| Zimmerman, MN | 6,108 | 104 | 1.1x |
