Cambridge City is a small town located in Indiana with a population of 4,732 people. It has a low cost of living, with an average two bedroom rental rate of $820 compared to the US average of $1,430. Additionally, the grocery cost index in Cambridge City is 91 compared to 100 in the US.
Cambridge City is home to many businesses such as The Dusty Boot Saloon and Grill, Cambridge Diner & Catering LLC for food; and J&R Automotive Service and Terry’s Tires for automotive services. There are also local shops like The Quilting Tree and other boutiques where you can find handmade crafts and unique items. Cambridge City has maintained its small-town charm while still providing access to all the amenities that larger cities have.
Cambridge City (zip 47327) has an unemployment rate of 4.7%. The US average is 6.0%.
Cambridge City (zip 47327) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Cambridge City (zip 47327)
- The Sales Tax Rate for Cambridge City (zip 47327) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cambridge City (zip 47327) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cambridge City (zip 47327)
- The average income of a Cambridge City (zip 47327) resident is $37,656 a year. The US average is $37,638 a year.
- The Median household income of a Cambridge City (zip 47327) resident is $50,129 a year. The US average is $69,021 a year.