Housing costs in Cambridge?
A typical home costs
$129,600, which is 61.7% less expensive than the national average of
$338,100 and 46.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Cambridge costs
$990 per month, which is 30.8% cheaper than the national average of
$1,430 and 27.3% cheaper than the state average of
$1,260.
Can I afford Cambridge?
To live comfortably in Cambridge (zip 61238), Illinois, a minimum annual income of
$24,840 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Cambridge?
The cost of living in 61238 Cambridge, IL is relatively affordable compared to other parts of Illinois. The median home value in Cambridge is $90,000 which is substantially lower than the statewide median home value of $186,500. Additionally, the median rent in Cambridge is just $566 per month which is significantly lower than the statewide median rent of $1,053 per month. Finally, goods and services in Cambridge are generally cheaper than other parts of Illinois as well. Overall, living in 61238 Cambridge IL can provide a great quality of life at an affordable cost.