Housing costs in Cambridge?
A typical home costs
$294,900, which is 12.8% less expensive than the national average of
$338,100 and 4.7% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Cambridge costs
$1,270 per month, which is 2.4% more than the national average of
$1,240 and 10.2% cheaper than the state average of
$1,400.
Can I afford Cambridge?
To live comfortably in Cambridge (zip 55008), Minnesota, a minimum annual income of
$56,520 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Cambridge?
The cost of living in 55008 Cambridge, MN is relatively affordable compared to the national average. According to Best Places, the median home price in 55008 Cambridge, MN is around $195,700 and the median household income is roughly $50,800. The overall cost of living index in this area is slightly below the national average at 95. This lower cost of living allows families to stretch their budgets further while still enjoying a good quality of life. Additionally, there are a number of amenities and activities available in the area that make it an attractive place to live.