Cambridge, MN vs Pine Island, MN

Pine Island is moderately more affordable than Cambridge, with a 5.5% lower cost of living index. Cambridge scores 93 compared to 88 for Pine Island, 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 $959/month in Pine Island — a 29% difference. Interestingly, home values tell a different story: while Pine Island has cheaper rent, Cambridge actually has lower median home values ($234,800 vs $324,700).

Median household income in Cambridge is $67,632 compared to $91,612 in Pine Island (-26.2%). Pine Island 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 12.6% in Pine Island.