Living in Cambridge, Maryland
Cost of living, income, home prices, rent and demographics of Cambridge · Census data 2020–2024
Cambridge has 13,152 residents with a median age of 39.4. The median household income is $47,323 (54% lower than the Maryland median), the median home value is $257,900, the median rent is $1,058/month.
Cambridge at a glance
- Population
- 13,152
- Median age
- 39.4State: 39.4
- Median household income
- $47,323State: $103,678
- Median home value
- $257,900State: $419,900
- Median rent
- $1,058/moState: $1,705
- Homeowners
- 41.1%
- Bachelor's degree or higher
- 20.1%
- Average commute
- 24 min
Is Cambridge a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 54% lower than the Maryland median; unemployment of 8.7%; a poverty rate of 26.4%.
The weather is best in May–June and September–October.
Cost of living in Cambridge
Housing is the biggest part of the cost of living. In Cambridge the median home value is $257,900, 22% lower than the U.S. median. Renters pay a median of $1,058 per month, which is 36.9% of household income. Homeowners with a mortgage pay $1,852 a month in housing costs.
Cambridge median household income
The median household income in Cambridge is $47,323 and the income per person is $30,543. 26.4% of residents live below the poverty line (Maryland: 9.4%).
Housing in Cambridge: homes for sale and rent
- Housing units
- 6,652
- Owner-occupied
- 41.1%
- Renter-occupied
- 58.9%
- Vacant
- 15.4%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.27
Cambridge demographics
- Population
- 13,152
- Median age
- 39.4
- Under 18
- 21.7%
- 65 and older
- 21.1%
- Households
- 5,629
- Foreign-born
- 5.4%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Cambridge ›
Education in Cambridge
20.1% of adults 25 and older in Cambridge have a bachelor's degree or higher (Maryland: 43.4%), and 9.2% have a graduate or professional degree.
Jobs and commute in Cambridge
- Unemployment rate
- 8.7%State: 4.9%
- Average commute
- 24 minState: 31 min
- Work from home
- 6.9%
- Drive alone
- 73.6%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 85.8%
Cambridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cambridge | 13,152 | $47,323 | $257,900 | $1,058 |
| Algonquin | 1,074 | $76,500 | $342,600 | $1,670 |
| Church Creek | 135 | $61,750 | $266,200 | $3,501 |
| Trappe | 1,055 | $60,917 | $242,600 | $1,330 |
| Secretary | 635 | $82,721 | $172,000 | $1,175 |
| East New Market | 246 | $42,917 | $268,100 | $1,250 |
| Oxford | 706 | $83,207 | $791,700 | $2,250 |
| Choptank | 186 | $127,791 | $286,000 | — |
| Hurlock | 2,819 | $58,511 | $202,700 | $755 |
More for people moving to Cambridge
Cambridge ZIP code ›Weather and climate ›Living in Cambridge: FAQ
What is the median household income in Cambridge, MD?
The median household income in Cambridge is $47,323, 54% lower than the Maryland median of $103,678 (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 $257,900, compared with $419,900 in Maryland.
How much is rent in Cambridge?
The median gross rent in Cambridge is $1,058 per month, about 36.9% of household income.
Is Cambridge, MD a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 24 minutes. Minuses: median household income 54% lower than the Maryland median; unemployment of 8.7%; a poverty rate of 26.4%.
What is the median age in Cambridge?
The median age in Cambridge is 39.4 years (Maryland: 39.4).
How long is the commute in Cambridge?
The average commute to work in Cambridge is 24 minutes; 6.9% of workers work from home.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cambridge?
20.1% 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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