Cambridge, MN vs Owatonna, MN

Owatonna is moderately more affordable than Cambridge, with a 11.6% lower cost of living index. Cambridge scores 93 compared to 83 for Owatonna, where the US average is 100. This difference means residents of Cambridge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cambridge is $1,232/month compared to $1,010/month in Owatonna — a 22% difference. Home values follow the same pattern: Owatonna is more affordable at $234,600 median vs $234,800.

Median household income in Cambridge is $67,632 compared to $81,276 in Owatonna (-16.8%). Owatonna 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 14.9% in Owatonna.