Cost of Living in Cambridge, MN
Population 9,992 · Minnesota · Data vintage 2023
(100 = US avg)
Cambridge is a smaller Minnesota community of around 10000 residents, where median household incomes of $67,632 and housing costs ($235,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Cambridge is about 40 miles north of Minneapolis, the nearest large metro. Median home values run roughly 32% lower than Minneapolis' $346,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cambridge
The median home value in Cambridge is $234,800 — 23% below the national median of $305,000. Median rent runs $1,232/month, 6% lower than the national median of $1,314/month. The median household income of $67,632/year is 9% lower than the US median of $74,580. The local unemployment rate is 3.1%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Cambridge has a cost of living index of 84 versus the US average of 100, meaning it is 16% less expensive.
Cambridge has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Cambridge, MN?
Cambridge has a cost index of 84 (100 = national average). It is 16% below the national average.
What is average rent in Cambridge, MN?
The median gross rent in Cambridge is $1,232 per month based on 2023 Census data.
What is the average home price in Cambridge?
The median home value in Cambridge is $234,800 according to Zillow and Census data.
What is the median income in Cambridge?
The median household income in Cambridge is $67,632 per year (2023 ACS 5-year estimates).
What is the sales tax in Cambridge, MN?
The combined state and local sales tax rate in Cambridge is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Cambridge, MN affordable?
Yes, Cambridge is generally considered affordable, with a cost of living index of 84 — about 16% below the US national average of 100.
Cambridge at a Glance
- Population
- 9,992
- Median Income
- $67,632
- Home Value
- $234,800
- Median Rent
- $1,232/mo
- Unemployment
- 3.1%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs