Cambridge, MD

Very Low · 73

Maryland · Population 13,094 · Updated March 2026

$971
Median Rent / Month
$46,261
Median Income
$254,400
Median Home Value
$997
Owner Costs / Month

Affordability

How far your income goes in Cambridge

25.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Maryland

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
6.0%
Sales Tax
1.07%
Property Tax Rate

Estimated Annual Costs

$11,652
Annual Rent
$2,660
State Income Tax
$2,722
Property Tax (est.)

Cost of Living Overview

Cambridge is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 73 (where 100 equals the national median), Cambridge residents can expect to pay median rent of $971/month while earning a median household income of $46,261/year.

The median home value in Cambridge, MD is $254,400, with typical monthly owner costs around $997 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.2%, Cambridge falls within the generally affordable range, though it's approaching the 30% burden threshold.

Maryland has a moderate income tax rate of 5.75%. Combined with a 6.0% sales tax rate and 1.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Cambridge.

Frequently Asked Questions

Common questions about living costs in Cambridge

What is the cost of living in Cambridge, MD?
The cost of living index in Cambridge, MD is 73 (US average = 100). Median monthly rent is $971, median household income is $46,261/year, and the median home value is $254,400.
Is Cambridge, MD affordable?
Yes, Cambridge is more affordable than the national average with a cost index of 73. The rent-to-income ratio is 25.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cambridge, MD?
The median gross rent in Cambridge, MD is $971 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,652.
What is the median household income in Cambridge?
The median household income in Cambridge, MD is $46,261 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Maryland?
Maryland has a top income tax rate of 5.75%, a sales tax of 6.0%, and an effective property tax rate of 1.07%.