Cambridge, MN vs Perham, MN

There is a significant gap in the cost of living between these two cities. Perham is 26.7% cheaper than Cambridge. With a cost index of 74 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Perham to Cambridge should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cambridge is $1,232/month compared to $813/month in Perham — a 52% difference. Home values follow the same pattern: Perham is more affordable at $186,000 median vs $234,800.

Median household income in Cambridge is $67,632 compared to $47,088 in Perham (+43.6%). While Cambridge 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 20.7% in Perham.