Cambridge, MD Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Cambridge, MD Summary

Cost of living in Cambridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cambridge is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Maryland, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Cambridge is 101, with 100 being the average.

  • The cost of living index in Cambridge is 1.0x higher than the national average.

  • Cambridge ranks as the #10 cheapest in Maryland out of 188.

  • Cambridge ranks as the #3,263 cheapest out of 6,412 in the US.

  • The median home value in Cambridge is $192,300.

  • The median income in Cambridge is $40,094.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
101
Cambridge's Overall Cost Of Living
1.0x
Higher Than The National Average

What is the cost of living in Cambridge, MD?

According to the most recent data on the cost of living, Cambridge has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.

Compared to Maryland, Cambridge has a cost of living index that's 0.8x lower than Maryland's index of 120.

The standard of living in Cambridge ranks as #10 most affordable out of the 188 places we measured in Maryland. By definition, that implies Cambridge ranks as the #178 most expensive place in the Old Line State.

For more reading on life in Cambridge, check out:

10 out of 188
In Maryland
3,263 out of 6,412
In America

Cambridge Cost Of Living Vs. Maryland

Six factors go into calculating the cost of living index in Cambridge. Here is how it fairs on each of the criteria:

  • The Services index in Cambridge is 108.

  • The Groceries index in Cambridge is 117.

  • The Health index in Cambridge is 100.

  • The Housing index in Cambridge is 84.

  • The Transportation index in Cambridge is 105.

  • The Utilities index in Cambridge is 97.

Living Expense Cambridge Maryland National Average
Overall 101 120 100
Services 108 109 100
Groceries 117 108 100
Health 100 92 100
Housing 84 156 100
Transportation 105 100 100
Utilities 97 108 100
For more reading on cost of living around Maryland, check out:
Cambridge Cost of Living Vs. MD

Cambridge, MD Housing Cost Breakdown

Housing swings affordability the most between places in Maryland, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Cambridge is $192,300.

  • The Median Rent in Cambridge is $868.

  • The Median Income in Cambridge is $40,094.

  • The Home Value To Income in Cambridge is 4.8x.

  • The Rent To Monthly Income in Cambridge is 0.26x.

Statistic Cambridge Maryland United States
Median Home Value $192,300 $338,500 $244,900
Median Rent $868 $1,485 $1,163
Median Income $40,094 $91,431 $69,021
Home Value To Income 4.8x 3.7x 3.5x
Rent To Monthly Income 0.26x 0.19x 0.2x
Search Homes For Sale In Cambridge, MD
$192,300
Median Home Value
$868
Median Rent
$40,094
Median Income

Cambridge, MD Costs By Category

Detailed Cambridge Services Costs Vs. Maryland

Item Cambridge Maryland
Shampoo $1.36 $1.06
Movie $11.99 $10.68
Bowling $17.57 $14.67
Haircut $18.46 $18.62
Beauty Salon $35.16 $39.05

Detailed Cambridge Groceries Costs Vs. Maryland

Item Cambridge Maryland
Ground Beef $5.01 $4.22
Fried Chicken $1.65 $1.39
Milk $2.34 $2.05
Potatoes $4.21 $3.29
Pizza $11.02 $10.62
Beer $8.84 $9.38
Toothpaste $2.89 $2.34

Detailed Cambridge Health Costs Vs. Maryland

Item Cambridge Maryland
Optometrist $111.0 $108.57
Doctor $109.33 $116.17
Dentist $95.0 $99.13

Detailed Cambridge Transportation Costs Vs. Maryland

Item Cambridge Maryland
Gasoline $2.09 $2.22
Tire Balancing $64.0 $50.07

Detailed Cambridge Utilities Costs Vs. Maryland

Item Cambridge Maryland
All Electricity $161.4 $167.67
Phone $176.59 $175.64

Cambridge SnackAbility

6
/10
Overall SnackAbility
Jobs
4/10
Housing
7
Affordability
4
Diversity
9.5
Safety
N/A
Amenities
8
Education
6
Commute
8.5

Cost Of Living In Cities Around Cambridge

The cost of living varies in the cities and towns around Cambridge. Here's a quick look at the cost of living in the most populous nearby places:

  • Bowie, MD has a cost of living index of 134, 1.3x Cambridge.

  • Severna Park, MD has a cost of living index of 146, 1.4x Cambridge.

  • Crofton, MD has a cost of living index of 140, 1.4x Cambridge.

City Population Cost Of Living Vs. Cambridge
Bowie, MD 58,113 134 1.3x
Severna Park, MD 39,108 146 1.4x
Crofton, MD 29,812 140 1.4x
Arnold, MD 25,056 134 1.3x
Lake Shore, MD 19,388 127 1.3x
Annapolis Neck, MD 13,059 153 1.5x
Mitchellville, MD 12,160 138 1.4x
Riviera Beach, MD 12,012 119 1.2x
Edgewater, MD 9,075 133 1.3x
Cape St. Claire, MD 8,762 128 1.3x

Articles About Maryland

Enjoy The Snack?