Living in Cambridge, Illinois
Cost of living, income, home prices, rent and demographics of Cambridge · Census data 2020–2024
Cambridge has 2,128 residents with a median age of 34.7. The median household income is $64,979 (22% lower than the Illinois median), the median home value is $123,100, the median rent is $968/month.
Cambridge at a glance
- Population
- 2,128
- Median age
- 34.7State: 39
- Median household income
- $64,979State: $83,390
- Median home value
- $123,100State: $263,300
- Median rent
- $968/moState: $1,274
- Homeowners
- 87.4%
- Bachelor's degree or higher
- 15.6%
- Average commute
- 28 min
Is Cambridge a good place to live?
Pros: Home values 53% lower than the state median.
Cons: Median household income 22% lower than the Illinois median; an average commute of 28 minutes; unemployment of 7.5%; a poverty rate of 13.1%.
The weather is best in May and July to September.
Cost of living in Cambridge
Housing is the biggest part of the cost of living. In Cambridge the median home value is $123,100, 63% lower than the U.S. median. Renters pay a median of $968 per month, which is 34.4% of household income. Homeowners with a mortgage pay $1,263 a month in housing costs.
Cambridge median household income
The median household income in Cambridge is $64,979 and the income per person is $30,494. 13.1% of residents live below the poverty line (Illinois: 11.8%).
Housing in Cambridge: homes for sale and rent
- Housing units
- 919
- Owner-occupied
- 87.4%
- Renter-occupied
- 12.6%
- Vacant
- 10.4%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.50
Cambridge demographics
- Population
- 2,128
- Median age
- 34.7
- Under 18
- 25.9%
- 65 and older
- 14.4%
- Households
- 823
- Foreign-born
- 1.6%
- Veterans
- 3%Adults 18+
Hispanic or Latino can be of any race. Population history of Cambridge ›
Education in Cambridge
15.6% of adults 25 and older in Cambridge have a bachelor's degree or higher (Illinois: 37.8%), and 2.3% have a graduate or professional degree.
Jobs and commute in Cambridge
- Unemployment rate
- 7.5%State: 5.8%
- Average commute
- 28 minState: 28 min
- Work from home
- 4.9%
- Drive alone
- 86.9%
- Public transit
- 0%
- Walk to work
- 4.7%
- Homes with broadband
- 88.9%
Cambridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cambridge | 2,128 | $64,979 | $123,100 | $968 |
| Andover | 434 | $77,813 | $163,600 | $924 |
| Bishop Hill | 134 | $56,429 | $102,500 | — |
| Woodhull | 731 | $65,893 | $122,400 | $634 |
| Orion | 1,812 | $94,375 | $178,500 | $833 |
| Geneseo | 6,673 | $70,147 | $205,400 | $1,015 |
| Galva | 2,454 | $52,470 | $83,700 | $783 |
| Alpha | 831 | $77,639 | $111,400 | $819 |
| Altona | 498 | $69,375 | $102,000 | $940 |
More for people moving to Cambridge
Cambridge ZIP code ›Weather and climate ›Living in Cambridge: FAQ
What is the median household income in Cambridge, IL?
The median household income in Cambridge is $64,979, 22% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cambridge?
The median home value in Cambridge is $123,100, compared with $263,300 in Illinois.
How much is rent in Cambridge?
The median gross rent in Cambridge is $968 per month, about 34.4% of household income.
Is Cambridge, IL a good place to live?
Pluses: home values 53% lower than the state median. Minuses: median household income 22% lower than the Illinois median; an average commute of 28 minutes; unemployment of 7.5%; a poverty rate of 13.1%.
What is the median age in Cambridge?
The median age in Cambridge is 34.7 years (Illinois: 39).
How long is the commute in Cambridge?
The average commute to work in Cambridge is 28 minutes; 4.9% of workers work from home.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge is 7.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cambridge?
15.6% of adults in Cambridge have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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