Cambridge, NY
Population 2,341 · New York
About Cambridge, NY
Cambridge is a small town located in New York with a population of 2,341 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,805 per year, which is 2% below the national median of $75,149. The median age of 50 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cambridge features a median home value of $184,200, which is 25% 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 $1,063, 9% below the national average of $1,163/month. Of the 1,133 total housing units, 78% are owner-occupied (776 units) and 22% are renter-occupied (217 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cambridge shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 11.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cambridge have an average one-way commute time of 30.6 minutes.
Education & Demographics
33.4% of Cambridge residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Cambridge, NY
Compared to national averages, Cambridge has a median household income of $73,805 (2% below the national median of $75,149). Home values average $184,200, which is 25% below the national median. Monthly rent at $1,063 is 9% below the US average of $1,163. Within New York, Cambridge's income is 24% below the state average of $96,987, and home values are 52% below the state median of $387,181.
Why Live in Cambridge, NY?
Cambridge offers affordable housing with a median home value of $184,200, below the US average of $244,900, and rent that’s lower than the national average at $1,063/month, and a low poverty rate of 11.0%, better than the national average.
Potential considerations include median household income ($73,805) 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 2,341 with a median age of 50 years. Compare Cambridge with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Cambridge
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Conesus Lake | 2,343 | $85,761 | $364,200 | Compare |
| Lakeland | 2,344 | $89,405 | $156,100 | Compare |
| Halesite | 2,348 | $153,375 | $822,300 | Compare |
| Siena College | 2,349 | $0 | $0 | Compare |
| Clifton Gardens | 2,332 | $85,551 | $297,900 | Compare |
| East Ithaca | 2,372 | $108,839 | $320,900 | Compare |
| Seneca Knolls | 2,308 | $54,963 | $123,900 | Compare |
| Marist College | 2,300 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Cambridge, NY is 2,341 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Cambridge?
The median household income in Cambridge, NY is $73,805 per year, which is 2% below the national median of $75,149.
What is the median home value in Cambridge?
The median home value in Cambridge, NY is $184,200, which is 25% 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, NY is $1,063, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Cambridge?
The unemployment rate in Cambridge, NY is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cambridge, NY a good place to live?
Cambridge offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,341 and a median age of 50, the city appeals to established professionals and retirees.
How educated is Cambridge, NY?
33.4% 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, NY: median home value is $184,200 (25% below national), median rent is $1,063/month, and median household income is $73,805. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cambridge?
The poverty rate in Cambridge, NY is 11.0%, 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, NY?
Cambridge's population is 0.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 1.1% two or more races. 2.5% of residents are foreign-born.