Cambridge, IA vs Madrid, IA

Cambridge, IA and Madrid, IA have a very similar cost of living, with only a 0.5% difference in their overall index. Cambridge scores 79 while Madrid scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cambridge is $1,080/month compared to $1,034/month in Madrid — a 4% difference. Interestingly, home values tell a different story: while Madrid has cheaper rent, Cambridge actually has lower median home values ($172,800 vs $185,100).

Median household income in Cambridge is $74,531 compared to $86,915 in Madrid (-14.2%). Madrid offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cambridge spend roughly 17.4% of their income on rent, more than the 14.3% in Madrid.