Housing costs in Cambridge?
A typical home costs
$293,900, which is 13.1% less expensive than the national average of
$338,100 and 34.4% more expensive than the average Michigan home, at
$218,700. Renting a two-bedroom unit in Cambridge costs
$930 per month, which is 35.0% more than the national average of
$1,430 and 18.3% more than the state average of
$1,100.
Can I afford Cambridge?
To live comfortably in Cambridge, Michigan, a minimum annual income of
$56,160 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Cambridge?
The cost of living in Cambridge, MI is relatively affordable compared to other cities in the region. According to the Michigan Cost of Living Index, Cambridge has an index score of 83.1 which is lower than the national average of 100. Housing prices are an average of 10% lower than the rest of the state and utilities are 4% cheaper. The median home price in Cambridge is $117,000, and rental prices range from $700-$1000 per month. Groceries, transportation and healthcare are also significantly less expensive than other areas in Michigan. All in all, living in Cambridge is a great option for those looking for an affordable place to call home.