Cambridge, NE Profile: Facts & Data

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Cambridge, Nebraska - Basic Facts

The City of Cambridge had a population of 1,002 as of July 1, 2023.

The primary coordinate point for Cambridge is located at latitude 40.282 and longitude -100.1657 in Furnas County. The formal boundaries for the City of Cambridge encompass a land area of 1.34 sq. miles and a water area of 0 sq. miles. Furnas County is in the Central time zone (GMT -6).

The City of Cambridge has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Cambridge is located within Cambridge Election Precinct, a minor civil division (MCD) of Furnas County.


Jump to... (On This Page!)
  1. Cambridge 2023 Demographic Data
  2. Growth Rates for Cambridge (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Nebraska Research Tools (Easy Tools & Current Data)
  3. Nebraska Data Comparison Tool - 2023 Demographics
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Cambridge, NE Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,002 (100%)
Population in Households 1,002 (100.0%)
Population in Families 754 (75.2%)
Population in Group Quarters1 0
Population Density 749
Diversity Index2 17
 
 

INCOME

Median Household Income $63,636
Average Household Income $80,230
% of Income for Mortgage4 10%
Per Capita Income $37,232
Wealth Index5 65
Socioeconomic Status Index6 Moderate (57.8)
 

HOUSING

Total HU (Housing Units) 560 (100%)
Owner Occupied HU 343 (61.2%)
Renter Occupied HU 122 (21.8%)
Vacant Housing Units 95 (17.0%)
Median Home Value $104,741
Average Home Value $139,796
Housing Affordability Index3 230
 

HOUSEHOLDS

Total Households 465
Average Household Size 2.15
Family Households 248
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -2.03% -0.57%
Households -1.04% -0.48%
Families   0.00%
Median Household Income   2.96%
Per Capita Income   2.16%
Owner Occupied HU   0.17%

Cambridge, NE - Peer Comparisons by Rank and Percentile

The table below compares Cambridge to the other 590 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 112 81st
Population Density # 307 48th
Median Household Income # 334 43rd
Housing Affordability Index # 555 94th
Per Capita Income # 301 49th
Diversity Index # 307 48th

Additional comparisons and rankings can be made with a VERY EASY TO USE Nebraska Census Data Comparison Tool.

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