Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Health & Safety
A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Cambridge is a small-sized city located in the state of Minnesota. The city has a population of 8,975 people. The majority of Cambridge residents report their race to be White; this is followed by Asian and Black. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Cambridge is the right fit for you, your one way commute time will average 28 minutes, which is about average when compared to the national commute time of 26 minutes.
Living in Cambridge can be a good experience for anyone moving to the town. Having said that, in the state of Minnesota, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Cambridge and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, health & safety, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.
Using data and statistics Cambridge has received a livability score of 72/100. This score is ranked in the 83rd percentile when compared to all other cities. There are nine total categories that generate the livability score. Cambridge ranks well for cost of living (B), education (B-), employment (B-) and housing (A+) The bad news for Cambridge, there are some categories for which it does not score well, this includes: amenities (F).
Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Cambridge, it boasts a notably low violent crime rate of 99 crimes per 100,000 residents, which significantly outperforms the national average.
When contemplating a move, job prospects often top the list of priorities. In Cambridge, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.2% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
Finding affordable real estate and housing in Cambridge can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Cambridge meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Cambridge. Everything else becomes a lot less important if it turns out that home prices in Cambridge are simply unattainable. The median home price for Cambridge homes is $167,200, which is 12.7% lower than the Minnesota average. If we take a closer look at the affordability of homes in Cambridge, we’ll see that the home price to income ratio is 2.9, which is 3.3% lower than the Minnesota average.
| Statistic | Cambridge | Minnesota | National |
| Average one way commute | 28min | 23min | 26min |
| Workers who drive to work | 83.2% | 78.0% | 76.4% |
| Workers who carpool | 12.0% | 8.7% | 9.3% |
| Workers who take public transit | 0.0% | 3.5% | 5.1% |
| Workers who bicycle | 0.9% | 0.8% | 0.6% |
| Workers who walk | 1.5% | 2.8% | 2.8% |
| Working from home | 1.8% | 5.3% | 4.6% |
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