Cambridge, MN vs Eveleth, MN

The cost of living difference between Cambridge, MN and Eveleth, MN is dramatic. Eveleth is 46.7% cheaper than Cambridge, a gap that translates to thousands of dollars per year in household expenses. Cambridge has a cost index of 93 while Eveleth sits at 63, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cambridge is $1,232/month compared to $839/month in Eveleth — a 47% difference. Home values follow the same pattern: Eveleth is more affordable at $91,800 median vs $234,800.

Median household income in Cambridge is $67,632 compared to $47,721 in Eveleth (+41.7%). The higher salaries in Cambridge partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cambridge spend roughly 21.9% of their income on rent, more than the 21.1% in Eveleth.