Cambridge, NE is a great place to live for its affordability and convenience. The two-bedroom rent in Cambridge is $830 compared to the US average of $1,430, making it an attractive option for many people. Additionally, Cambridge has a grocery cost index of 94 compared to 100 in the US making general groceries more affordable than in some other cities. This makes it a great option for families or individuals that are looking to find somewhere with lower living costs and plenty of amenities nearby.
In addition to its low cost of living, Cambridge also hosts many local companies providing employment opportunities for local residents such as Schneider Electric, Gavilon Grain and Agronomy Services, Inc., Silverback Inc., Ager Tank & Equipment Co., and Larson Manufacturing Co., Inc. These businesses help drive the economy in Cambridge while allowing locals access to potential employment without having to leave their hometown. In addition they provide job training and support for those in need, helping keep the community strong and vibrant.
Cambridge has an unemployment rate of 1.8%. The US average is 6.0%.
Cambridge has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 19.7%, which is lower than the US average of 33.5%.
Tax Rates for Cambridge
- The Sales Tax Rate for Cambridge is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cambridge is 6.8%. 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 $24,147 a year. The US average is $28,555 a year.
- The Median household income of a Cambridge resident is $67,721 a year. The US average is $69,021 a year.