Living in Cambridge, Iowa
Cost of living, income, home prices, rent and demographics of Cambridge · Census data 2020–2024
Cambridge has 803 residents with a median age of 40.5. The median household income is $57,333 (24% lower than the Iowa median), the median home value is $178,100, the median rent is $1,043/month.
Cambridge is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cambridge at a glance
- Population
- 803
- Median age
- 40.5State: 38.6
- Median household income
- $57,333State: $75,059
- Median home value
- $178,100State: $208,000
- Median rent
- $1,043/moState: $972
- Homeowners
- 83%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 24 min
Is Cambridge a good place to live?
Pros: Home values 14% lower than the state median.
Cons: Median household income 24% lower than the Iowa median; an average commute of 24 minutes; unemployment of 5.2%; a poverty rate of 11.2%.
The weather is best in June to September.
Cost of living in Cambridge
Housing is the biggest part of the cost of living. In Cambridge the median home value is $178,100, 46% lower than the U.S. median. Renters pay a median of $1,043 per month, which is 22.9% of household income. Homeowners with a mortgage pay $1,264 a month in housing costs.
Cambridge median household income
The median household income in Cambridge is $57,333 and the income per person is $30,079. 11.2% of residents live below the poverty line (Iowa: 11.1%).
Housing in Cambridge: homes for sale and rent
- Housing units
- 357
- Owner-occupied
- 83%
- Renter-occupied
- 17%
- Vacant
- 7.6%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.43
Cambridge demographics
- Population
- 803
- Median age
- 40.5
- Under 18
- 27%
- 65 and older
- 10%
- Households
- 330
- Foreign-born
- 8.1%
- Veterans
- 4.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Cambridge ›
Education in Cambridge
15.7% of adults 25 and older in Cambridge have a bachelor's degree or higher (Iowa: 31.4%), and 3.5% have a graduate or professional degree.
Jobs and commute in Cambridge
- Unemployment rate
- 5.2%State: 3.6%
- Average commute
- 24 minState: 20 min
- Work from home
- 6.5%
- Drive alone
- 82.8%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 89.1%
Cambridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cambridge | 803 | $57,333 | $178,100 | $1,043 |
| Huxley | 4,544 | $112,094 | $297,100 | $1,393 |
| Alleman | 429 | $121,875 | $299,200 | — |
| Maxwell | 905 | $97,639 | $184,600 | $650 |
| Kelley | 382 | $111,250 | $220,800 | $966 |
| Elkhart | 899 | $84,554 | $253,900 | $836 |
| Slater | 1,401 | $97,500 | $232,800 | $895 |
| Sheldahl | 361 | $80,938 | $184,700 | — |
| Nevada | 6,983 | $75,094 | $182,400 | $953 |
More for people moving to Cambridge
Cambridge ZIP code ›Weather and climate ›Living in Cambridge: FAQ
What is the median household income in Cambridge, IA?
The median household income in Cambridge is $57,333, 24% lower than the Iowa median of $75,059 (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 $178,100, compared with $208,000 in Iowa.
How much is rent in Cambridge?
The median gross rent in Cambridge is $1,043 per month, about 22.9% of household income.
Is Cambridge, IA a good place to live?
Pluses: home values 14% lower than the state median. Minuses: median household income 24% lower than the Iowa median; an average commute of 24 minutes; unemployment of 5.2%; a poverty rate of 11.2%.
What is the median age in Cambridge?
The median age in Cambridge is 40.5 years (Iowa: 38.6).
How long is the commute in Cambridge?
The average commute to work in Cambridge is 24 minutes; 6.5% of workers work from home.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge is 5.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cambridge?
15.7% 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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