salaryRent is lower than in 66% of U.S. cities. A typical house costs about 5.1 years of household income. Most households rent (59%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $53,720 a year. That is $26 an hour at a full-time job.
Is rent cheaper than other Maryland cities?
Yes. Rent here is cheaper than in most of Maryland. It is number 13 of 200 cities from cheapest to most expensive.
How much do households earn in Cambridge?
Share of households by yearly income. 17.3% of households earn $100,000 or more.
Rent by apartment size in Cambridge
| Size | Cambridge | U.S. average |
|---|---|---|
| 1 bedroom | $808 | $1,324 |
| 2 bedrooms | $1,116 | $1,509 |
| 3 bedrooms | $1,493 | $1,698 |
| 4 bedrooms | $1,802 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Cambridge overall?
Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cambridge, so the Maryland figure is shown.
Taxes and bills in Cambridge
Life in Cambridge
Is it cheaper to rent or buy in Cambridge?
Renting is cheaper right now: about $446 a month less.
Owning assumes a typical $257,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $25,790 for the down payment.
Frequently asked questions
What is the average rent in Cambridge, MD?
Renting in Cambridge costs a median of about $1,343 a month in 2026, including utilities. The Maryland median is $2,010.
How much do I need to make to live in Cambridge?
To keep rent under 30% of income, you need about $53,720 a year, or $26 an hour at a full-time job.
Is Cambridge cheap or expensive?
Cambridge is rated Expensive: rent takes 31.6% of the typical household income of $51,038. It ranks 13th cheapest of 200 Maryland cities we track.
How much are property taxes in Cambridge?
The median homeowner in Cambridge pays $2,617 a year in property taxes, about 1.01% of the median home value.
Is Cambridge more expensive than the national average?
Overall prices in Maryland are 5% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Cambridge?
The median home value in Cambridge is $257,900, about 5.1 times the typical yearly household income.
13,152 people live in Cambridge. Numbers are typical (middle) values.