Cost of Living in Cambridge, MN

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A
0%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
2%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Cambridge Minnesota National
Cost of living100100100
Groceries101100100
Health care102100100
Housing98100100
Transportation97100100
Utilities104104100
Lifestyle & Entertainment102100100
Household Items99100100
Education & Childcare9799100
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Homes For Sale In Cambridge, MN

property for sale

2697 Davis St S

Cambridge, MN
property for sale

315 Roosevelt St S Unit A

Cambridge, MN
property for sale

3125 Kenwood St S

Cambridge, MN
property for sale

1490 33rd Ct SW

Cambridge, MN
See the Newest Homes For Sale In Cambridge, MN

Cost Of Living Quick Facts

  • The cost of living in Cambridge is 1% lower than the Minnesota average
  • The cost of living in Cambridge is equal to the national average
  • Cambridge housing is 2% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Cambridge

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Compare Cambridge, MN Cost of Living

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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$107,507$8,959$2,508$3,226
      Renters$55,125$4,594$1,286$1,654
      A good way to judge both the affordability of the housing and the cost of living in Cambridge is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Cambridge has a median income of about $107,507 for people who own homes. Based on that number, a maximum of $2,508 should be spent on expenses related to housing. Renters have a slightly different median income, which is $55,125. Based on this average, renters should spend no more than $1,286 on all rental costs if they want to maintain a non-impoverished standard of living.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Stanchfield, MN741000.4%
      Braham, MN1,774946.4%
      Stacy, MN2,036964.4%
      Rush City, MN3,262963.8%
      Isanti, MN6,2161022.3%
      Cambridge, MN9,2901000.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Wood-Ridge, NJ9,28914443.6%
      Corman Park No. 344, SK9,288n/a 
      Brewer, ME9,2921000.2%
      Cowichan Valley B, BC9,293n/a 
      Cameron, MO9,2848911.1%
      Cambridge, MN9,2901000.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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