Cost of Living in Cambridge, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.9
100 = national avg
+14.9 vs national average
Living Wage (1 Adult)
$50,560
per year
Living Wage (Family of 4)
$119,506
per year
Cost Index by Category
Housing132.9
Food101.7
Transportation111.6
Healthcare101.4
Utilities107.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Cambridge is 114.9, which is 14.9% above the national average. Housing costs are above the national average at an index of 132.9. A single adult needs to earn approximately $50,560 per year to cover basic expenses.