Living in Cambridge, New York
Cost of living, income, home prices, rent and demographics of Cambridge · Census data 2020–2024
Cambridge has 2,262 residents with a median age of 46.9. The median household income is $72,612 (16% lower than the New York median), the median home value is $193,800, the median rent is $1,164/month.
Cambridge at a glance
- Population
- 2,262
- Median age
- 46.9State: 39.8
- Median household income
- $72,612State: $85,974
- Median home value
- $193,800State: $423,800
- Median rent
- $1,164/moState: $1,621
- Homeowners
- 73.9%
- Bachelor's degree or higher
- 32.6%
- Average commute
- 33 min
Is Cambridge a good place to live?
Pros: Home values 54% lower than the state median.
Cons: Median household income 16% lower than the New York median; an average commute of 33 minutes; unemployment of 7.3%; a poverty rate of 14.6%.
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 $193,800, 42% lower than the U.S. median. Renters pay a median of $1,164 per month, which is 41.9% of household income. Homeowners with a mortgage pay $1,644 a month in housing costs.
Cambridge median household income
The median household income in Cambridge is $72,612 and the income per person is $37,835. 14.6% of residents live below the poverty line (New York: 14%).
Housing in Cambridge: homes for sale and rent
- Housing units
- 1,069
- Owner-occupied
- 73.9%
- Renter-occupied
- 26.1%
- Vacant
- 10.7%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.30
Cambridge demographics
- Population
- 2,262
- Median age
- 46.9
- Under 18
- 21.2%
- 65 and older
- 17.2%
- Households
- 955
- Foreign-born
- 2.3%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Cambridge ›
Education in Cambridge
32.6% of adults 25 and older in Cambridge have a bachelor's degree or higher (New York: 40.2%), and 17.8% have a graduate or professional degree.
Jobs and commute in Cambridge
- Unemployment rate
- 7.3%State: 6.4%
- Average commute
- 33 minState: 33 min
- Work from home
- 13.5%
- Drive alone
- 79.3%
- Public transit
- 0%
- Walk to work
- 1.1%
- Homes with broadband
- 83.4%
Cambridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cambridge | 2,262 | $72,612 | $193,800 | $1,164 |
| Greenwich | 1,689 | $71,111 | $209,500 | $1,211 |
| Arlington | 2,598 | $102,308 | $318,500 | $1,191 |
| Hoosick Falls | 3,177 | $48,214 | $154,600 | $867 |
| Shaftsbury | 3,607 | $86,071 | $267,300 | $1,079 |
| North Bennington | 1,336 | $68,571 | $313,000 | $1,447 |
| Salem | 770 | $82,750 | $182,300 | $844 |
| South Shaftsbury | 566 | $61,161 | $228,600 | — |
| Schuylerville | 1,571 | $86,765 | $215,900 | $982 |
More for people moving to Cambridge
Cambridge ZIP code ›Weather and climate ›Living in Cambridge: FAQ
What is the median household income in Cambridge, NY?
The median household income in Cambridge is $72,612, 16% lower than the New York median of $85,974 (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 $193,800, compared with $423,800 in New York.
How much is rent in Cambridge?
The median gross rent in Cambridge is $1,164 per month, about 41.9% of household income.
Is Cambridge, NY a good place to live?
Pluses: home values 54% lower than the state median. Minuses: median household income 16% lower than the New York median; an average commute of 33 minutes; unemployment of 7.3%; a poverty rate of 14.6%.
What is the median age in Cambridge?
The median age in Cambridge is 46.9 years (New York: 39.8).
How long is the commute in Cambridge?
The average commute to work in Cambridge is 33 minutes; 13.5% of workers work from home.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cambridge?
32.6% 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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