Cost of Living in Cambridge, OH

With a cost of living index of 64, Cambridge, OH is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 13% below the Ohio state average of 78. Cambridge is a smaller community of 10,046 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Cambridge's cost of living. The median monthly rent is $743 (44% below the US median of $1,319), and the median home value sits at $116,000 (62% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Cambridge is $37,900, which is 50% lower than the national median of $75,149. Residents spend roughly 24% 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.

Climate is another factor for anyone considering a move to Cambridge. The area sees an average annual temperature of 52.9°F, with summers averaging 72°F and winters around 33°F. Annual rainfall totals 38.6 inches spread over roughly 138 days.

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.