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 Ohio, 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 81, with 100 being the average.
The cost of living index in Cambridge is 0.8x lower than the national average.
Cambridge ranks as the #12 cheapest in Ohio out of 286.
Cambridge ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Cambridge is $98,800.
The median income in Cambridge is $35,798.
According to the most recent data on the cost of living, Cambridge has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Ohio, Cambridge has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Cambridge ranks as #12 most affordable out of the 286 places we measured in Ohio. By definition, that implies Cambridge ranks as the #274 most expensive place in the Buckeye State.
For more reading on life in Cambridge, check out:
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 87.
The Groceries index in Cambridge is 104.
The Health index in Cambridge is 87.
The Housing index in Cambridge is 52.
The Transportation index in Cambridge is 94.
The Utilities index in Cambridge is 96.
|Living Expense||Cambridge||Ohio||National Average|
Housing swings affordability the most between places in Ohio, 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 $98,800.
The Median Rent in Cambridge is $695.
The Median Income in Cambridge is $35,798.
The Home Value To Income in Cambridge is 2.8x.
The Rent To Monthly Income in Cambridge is 0.23x.
|Median Home Value||$98,800||$159,900||$244,900|
|Home Value To Income||2.8x||2.6x||3.5x|
|Rent To Monthly Income||0.23x||0.17x||0.2x|
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:
Newark, OH has a cost of living index of 86, 1.1x Cambridge.
Morristown, TN has a cost of living index of 85, 1.0x Cambridge.
New Philadelphia, OH has a cost of living index of 90, 1.1x Cambridge.
|City||Population||Cost Of Living||Vs. Cambridge|
|New Philadelphia, OH||17,622||90||1.1x|
|Apple Valley, OH||5,344||95||1.2x|
|St. Clairsville, OH||5,121||97||1.2x|