Housing costs in Cambridge City?
A typical home costs
$107,100, which is 68.3% less expensive than the national average of
$338,100 and 51.7% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Cambridge City costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford Cambridge City?
To live comfortably in Cambridge City, Indiana, a minimum annual income of
$20,520 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Cambridge City?
The cost of living in Cambridge City, IN is relatively low. According to the most recent data from Sperling's Best Places, Cambridge City has an overall cost of living index score of 84.7, which is 16.3% lower than the national average. The median home cost in Cambridge City is $94,100, which is 19.2% lower than the Indiana average and 35.5% lower than the national average. The median income for a family in Cambridge City is $46,548, slightly below the national average of $51,960. Renters fare better with a median rental rate of $766 per month; however utilities are listed as high at 13.4% higher than the national average for a similar sized residence. Overall, it is possible to live comfortably in Cambridge City while still making ends meet on a budget-friendly salary or wage.