Cambridge, MN vs Norwood Young America, MN

Cambridge, MN and Norwood Young America, MN have a very similar cost of living, with only a 1.7% difference in their overall index. Cambridge scores 93 while Norwood Young America scores 92 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 $1,032/month in Norwood Young America — a 19% difference. Interestingly, home values tell a different story: while Norwood Young America has cheaper rent, Cambridge actually has lower median home values ($234,800 vs $289,400).

Median household income in Cambridge is $67,632 compared to $67,857 in Norwood Young America (-0.3%). Norwood Young America 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 21.9% of their income on rent, more than the 18.3% in Norwood Young America.