Cambridge, KY is a small town located in Kentucky with a population of approximately 1,000 people. It is known for its affordable housing costs and low cost of living. The average two bedroom rent in Cambridge is $1,100 compared to the US average of $1,430. Additionally, the grocery cost index in Cambridge is 98 compared to 100 in the US. Local businesses include the Cambridge Inn Motel and Antiques Mall and Big Bear Grocery Store. The Cambridge Inn offers comfortable accommodations at an affordable price with superb customer service, while Big Bear Grocery Store provides a wide selection of groceries at competitive prices.
Cambridge has an unemployment rate of 5.0%. The US average is 6.0%.
Cambridge has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Cambridge
- The Sales Tax Rate for Cambridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cambridge is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cambridge
- The average income of a Cambridge resident is $29,619 a year. The US average is $28,555 a year.
- The Median household income of a Cambridge resident is $80,750 a year. The US average is $69,021 a year.