Cambridge, MN, has a cost of living index that is slightly below the nationwide average of 100. Housing stands at 90%, groceries at 95%, utilities at 100%, transportation at 92%, healthcare at 85%, and miscellaneous expenses at 97%. Overall, the cost of living in Cambridge is 94% of the national average, making it an attractive location for budget-conscious residents.
Living in Cambridge can save residents money in several areas, especially in housing and healthcare, while still providing access to essential services at a reasonable price.
The cost of living index for Cambridge, MN, shows a comprehensive picture of how the prices in this area compare to the nationwide average. Housing costs in Cambridge stand at 90, which is 10% lower than the national average. This could be an attractive point for job seekers looking to balance housing expenses within their budget. Additionally, groceries in Cambridge are priced at 95, slightly above the national average but still quite affordable at only 5% higher.
When comparing transportation costs, Cambridge has an index of 92, which is 8% lower than the nationwide average. This could be a significant saving for those who rely on personal vehicles or public transportation. Healthcare costs, however, are 15% below the national average, which is a notable advantage for those planning to live in Cambridge. Miscellaneous expenses also show a slight increase, with an index of 97, indicating a minimal 3% rise over the national average. Overall, these metrics present Cambridge as a reasonably priced location for those considering a move.
