Cambridge, OH vs Oakwood village (Cuyahoga County), OH
There is a significant gap in the cost of living between these two cities. Cambridge is 15.8% cheaper than Oakwood village (Cuyahoga County). With a cost index of 64 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cambridge to Oakwood village (Cuyahoga County) should plan for substantially higher expenses across most categories.
On the housing front, median rent in Cambridge is $743/month compared to $975/month in Oakwood village (Cuyahoga County) — a 24% difference. Home values follow the same pattern: Cambridge is more affordable at $116,000 median vs $172,600.
Median household income in Cambridge is $37,900 compared to $65,038 in Oakwood village (Cuyahoga County) (-41.7%). While Oakwood village (Cuyahoga County) 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 23.5% of their income on rent, more than the 18% in Oakwood village (Cuyahoga County).
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