Cambridge, MN vs Montrose, MN

Cambridge, MN and Montrose, MN have a very similar cost of living, with only a 4.6% difference in their overall index. Cambridge scores 93 while Montrose scores 98 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 $1,232/month compared to $1,313/month in Montrose — a 6% difference. Home values follow the same pattern: Cambridge is more affordable at $234,800 median vs $260,100.

Median household income in Cambridge is $67,632 compared to $98,832 in Montrose (-31.6%). While Montrose is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cambridge spend roughly 21.9% of their income on rent, more than the 15.9% in Montrose.