Cambridge is a medium-sized city located in the state of Minnesota. With a population of 10,509 people and three associated neighborhoods, Cambridge is the 103rd largest community in Minnesota. Much of the housing stock in Cambridge was built relatively recently. The construction of new real estate can often be taken as an indication that the local Cambridge economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Cambridge, where the median household income is $67,632.00.Unlike some cities, Cambridge isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Cambridge are a mix of both white- and blue-collar jobs. Overall, Cambridge is a city of professionals, service providers, and sales and office workers. There are especially a lot of people living in Cambridge who work in office and administrative support (10.76%), healthcare (7.35%), and management occupations (6.36%). One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.54% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. The percentage of adults in Cambridge who are college-educated is close to the national average for all communities of 21.84%: 18.52% of the adults in Cambridge have a bachelor's degree or advanced degree. The per capita income in Cambridge in 2022 was $34,427, which is lower middle income relative to Minnesota, and middle income relative to the rest of the US. This equates to an annual income of $137,708 for a family of four. However, Cambridge contains both very wealthy and poor people as well. The people who call Cambridge home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cambridge residents report their race to be White, followed by Asian. Important ancestries of people in Cambridge include German, Norwegian, Swedish, Irish, and English. The most common language spoken in Cambridge is English. Other important languages spoken here include Italian and Spanish.
