Cambridge, NY is a small town located in Washington County that has a population of 1,670. The cost of living is lower than the US average which makes it an attractive place to live. Two bedroom rent prices are $1,080 compared to the national average of $1,430 making it a great option for young people looking for affordable housing. Grocery costs are also lower with Cambridge's index number being 101 versus 100 nationally.
Cambridge has many local businesses that make the town unique such as: Blue Slate Farm which is known for its diverse selection of organic fruits and vegetables; Champlain Valley Apiaries which focuses on pollination by beekeeping; and Bronck Museum which showcases the history of the town with artifacts from early Dutch settlers.
Overall, Cambridge is a quaint town filled with charm and character. With its convenient location close to Albany and Saratoga Springs as well as its low cost of living, it's no wonder why so many people choose to call Cambridge home.
Cambridge has an unemployment rate of 6.4%. The US average is 6.0%.
Cambridge has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 24.3%, 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 6.5%. 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 $30,892 a year. The US average is $28,555 a year.
- The Median household income of a Cambridge resident is $73,607 a year. The US average is $69,021 a year.