Cambridge, MN
Population 9,992 · Minnesota
About Cambridge, MN
Cambridge is a small town located in Minnesota with a population of 9,992 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,632 per year, which is 10% below the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cambridge features a median home value of $234,800, which is 4% below the national median of $244,900. This positions Cambridge in a moderately priced market relative to the rest of the country. Median monthly rent is $1,232, 6% above the national average of $1,163/month. Of the 4,289 total housing units, 67% are owner-occupied (2,793 units) and 33% are renter-occupied (1,376 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cambridge shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cambridge have an average one-way commute time of 28.4 minutes.
Education & Demographics
18.5% of Cambridge residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.2% White, 1.4% Hispanic or Latino, 0.1% Black or African American, and 0.6% Asian residents, with 3.5% of the population being foreign-born.
Cost of Living in Cambridge, MN
Compared to national averages, Cambridge has a median household income of $67,632 (10% below the national median of $75,149). Home values average $234,800, which is 4% below the national median. Monthly rent at $1,232 is 6% above the US average of $1,163. Within Minnesota, Cambridge's income is 9% below the state average of $74,221, and home values are 15% above the state median of $204,472.
Why Live in Cambridge, MN?
Cambridge offers affordable housing with a median home value of $234,800, below the US average of $244,900, and a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 10.6%, better than the national average.
Potential considerations include median household income ($67,632) that falls below the national average. However, Cambridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cambridge has a population of 9,992 with a median age of 36.8 years. Compare Cambridge with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Cambridge
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Detroit Lakes | 10,002 | $62,123 | $246,200 | Compare |
| Hermantown | 10,192 | $92,026 | $374,000 | Compare |
| Arden Hills | 9,737 | $128,668 | $423,800 | Compare |
| Fairmont | 10,348 | $59,228 | $168,800 | Compare |
| St. Anthony city (Hennepin and Ramsey Counties), Minnesota | 9,516 | $97,784 | $365,700 | Compare |
| Little Canada | 10,546 | $71,370 | $302,600 | Compare |
| Waseca | 9,209 | $61,546 | $185,600 | Compare |
| Mound | 9,176 | $91,370 | $348,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cambridge With Other Cities
Frequently Asked Questions about Cambridge
What is the population of Cambridge, MN?
The population of Cambridge, MN is 9,992 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Cambridge?
The median household income in Cambridge, MN is $67,632 per year, which is 10% below the national median of $75,149.
What is the median home value in Cambridge?
The median home value in Cambridge, MN is $234,800, which is 4% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cambridge?
The median monthly rent in Cambridge, MN is $1,232, which is 6% above the national average of $1,163/month.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge, MN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cambridge, MN a good place to live?
Cambridge offers a moderate cost of living, affordable housing, and a strong job market. With a population of 9,992 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Cambridge, MN?
18.5% of residents in Cambridge aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cambridge?
Key cost-of-living indicators for Cambridge, MN: median home value is $234,800 (4% below national), median rent is $1,232/month, and median household income is $67,632. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cambridge?
The poverty rate in Cambridge, MN is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cambridge, MN?
Cambridge's population is 0.2% White, 1.4% Hispanic or Latino, 0.1% Black or African American, 0.6% Asian, and 2.2% two or more races. 3.5% of residents are foreign-born.