Ada, MN vs Evansville, MN

Ada, MN and Evansville, MN have a very similar cost of living, with only a 2.5% difference in their overall index. Ada scores 66 while Evansville scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Ada is $697/month compared to $632/month in Evansville — a 10% difference. Interestingly, home values tell a different story: while Evansville has cheaper rent, Ada actually has lower median home values ($140,500 vs $145,000).

Median household income in Ada is $67,857 compared to $39,063 in Evansville (+73.7%). While Ada is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ada spend roughly 12.3% of their income on rent, less than the 19.4% in Evansville.