Living in Cambridge, Minnesota
Cost of living, income, home prices, rent and demographics of Cambridge · Census data 2020–2024
Cambridge has 10,307 residents with a median age of 37.6. The median household income is $69,154 (22% lower than the Minnesota median), the median home value is $251,600, the median rent is $1,302/month.
Cambridge at a glance
- Population
- 10,307
- Median age
- 37.6State: 38.8
- Median household income
- $69,154State: $89,062
- Median home value
- $251,600State: $329,300
- Median rent
- $1,302/moState: $1,280
- Homeowners
- 65.8%
- Bachelor's degree or higher
- 18.8%
- Average commute
- 28 min
Is Cambridge a good place to live?
Pros: Home values 24% lower than the state median; unemployment of 3.4%.
Cons: Median household income 22% lower than the Minnesota median; an average commute of 28 minutes; a poverty rate of 10.5%.
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 $251,600, 24% lower than the U.S. median. Renters pay a median of $1,302 per month, which is 36% of household income. Homeowners with a mortgage pay $1,735 a month in housing costs.
Cambridge median household income
The median household income in Cambridge is $69,154 and the income per person is $35,047. 10.5% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Cambridge: homes for sale and rent
- Housing units
- 4,479
- Owner-occupied
- 65.8%
- Renter-occupied
- 34.2%
- Vacant
- 2%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.29
Cambridge demographics
- Population
- 10,307
- Median age
- 37.6
- Under 18
- 21.3%
- 65 and older
- 19.4%
- Households
- 4,390
- Foreign-born
- 3.7%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Cambridge ›
Education in Cambridge
18.8% of adults 25 and older in Cambridge have a bachelor's degree or higher (Minnesota: 39.4%), and 5.7% have a graduate or professional degree.
Jobs and commute in Cambridge
- Unemployment rate
- 3.4%State: 4.1%
- Average commute
- 28 minState: 23 min
- Work from home
- 10.7%
- Drive alone
- 71.3%
- Public transit
- 1.6%
- Walk to work
- 4%
- Homes with broadband
- 86.9%
Cambridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cambridge | 10,307 | $69,154 | $251,600 | $1,302 |
| Isanti | 7,210 | $87,500 | $290,600 | $1,256 |
| Stanchfield | 100 | $68,333 | $159,400 | — |
| Bethel | 474 | $89,904 | $267,800 | $1,000 |
| Braham | 1,732 | $59,375 | $196,800 | $788 |
| Harris | 776 | $87,375 | $306,000 | $870 |
| North Branch | 11,565 | $90,456 | $322,300 | $1,308 |
| Martin Lake | 1,068 | $123,208 | $498,400 | — |
| St. Francis | 8,372 | $111,198 | $327,600 | $1,287 |
More for people moving to Cambridge
Cambridge ZIP code ›Weather and climate ›Living in Cambridge: FAQ
What is the median household income in Cambridge, MN?
The median household income in Cambridge is $69,154, 22% lower than the Minnesota median of $89,062 (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 $251,600, compared with $329,300 in Minnesota.
How much is rent in Cambridge?
The median gross rent in Cambridge is $1,302 per month, about 36% of household income.
Is Cambridge, MN a good place to live?
Pluses: home values 24% lower than the state median; unemployment of 3.4%. Minuses: median household income 22% lower than the Minnesota median; an average commute of 28 minutes; a poverty rate of 10.5%.
What is the median age in Cambridge?
The median age in Cambridge is 37.6 years (Minnesota: 38.8).
How long is the commute in Cambridge?
The average commute to work in Cambridge is 28 minutes; 10.7% of workers work from home.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cambridge?
18.8% 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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