Cost of Living in Cambridge, ID

With a cost of living index of 82, Cambridge, ID is a very affordable place to live. Living here is 18% cheaper than the national average and 5% below the Idaho state average of 87. Cambridge is a small community of 336 residents.

Housing costs are the biggest factor in Cambridge's cost of living. The median monthly rent is $1,010 (23% below the US median of $1,319), and the median home value sits at $234,700 (23% below the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cambridge is $48,250, which is 36% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.