Ada, MN vs Ivanhoe, MN

There is a significant gap in the cost of living between these two cities. Ivanhoe is 19.1% cheaper than Ada. With a cost index of 56 vs 66, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ivanhoe to Ada should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ada is $697/month compared to $550/month in Ivanhoe — a 27% difference. Home values follow the same pattern: Ivanhoe is more affordable at $65,500 median vs $140,500.

Median household income in Ada is $67,857 compared to $54,583 in Ivanhoe (+24.3%). 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, more than the 12.1% in Ivanhoe.