Cost of living in Cambridge
Cambridge, MN, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living here is crucial for anyone considering a move or simply planning a visit.
This guide provides a detailed breakdown of expenses, from dining and groceries to transportation and housing, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13 on average, with a range between $9 and $25.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $50, with prices ranging from $45 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $10 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $8, imported beer $6 to $12, cappuccino $3.5 to $9, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.95 and $1.59 per liter, averaging $1.19.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.08 and $4.96, with an average price of $2.97.
- Eggs (Dozen) - A dozen eggs range from $1.99 to $12, averaging $3.75.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 to $19.84 per kg, while oranges range from $3.86 to $17.64 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $3.28 and $8.82 per kg, and lettuce costs $1.89 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.75 and $0.9 per liter.
- Car Purchase (e.g., Volkswagen Golf, Toyota Corolla) - A new Volkswagen Golf costs between $35,362.95 and $40,000, while a Toyota Corolla ranges from $24,233 to $26,400.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is fixed at $1240 per month.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $88.1 and $320.47, averaging $159.44.
- Internet - Internet services range from $45 to $80, with an average cost of $59.34.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
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"Key Takeaways"
Cambridge, MN, offers a relatively affordable cost of living compared to larger urban areas. Dining out is reasonably priced, with a variety of options from casual to mid-range restaurants.
Grocery prices are moderate, though some items like eggs and fruits can vary significantly in price. Transportation costs are manageable, especially for those who drive.
Utilities and internet services are competitively priced, making it easier to manage monthly expenses. Overall, Cambridge provides a balanced cost of living with opportunities for savings.
Conclusion
In conclusion, Cambridge, MN, presents a cost-effective living environment with a mix of affordable dining, moderate grocery prices, and reasonable transportation costs.
For those considering a move to Cambridge, understanding these expenses can help in budgeting and financial planning, ensuring a smooth transition to this charming city.