Ada, MN vs Minnesota Lake, MN

Ada is moderately more affordable than Minnesota Lake, with a 5.2% lower cost of living index. Ada scores 66 compared to 70 for Minnesota Lake, where the US average is 100. This difference means residents of Minnesota Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ada is $697/month compared to $950/month in Minnesota Lake — a 27% difference. Interestingly, home values tell a different story: while Ada has cheaper rent, Minnesota Lake actually has lower median home values ($126,600 vs $140,500).

Median household income in Ada is $67,857 compared to $62,875 in Minnesota Lake (+7.9%). Ada offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ada spend roughly 12.3% of their income on rent, less than the 18.1% in Minnesota Lake.