Aitkin, MN vs Montevideo, MN

Aitkin, MN and Montevideo, MN have a very similar cost of living, with only a 3.5% difference in their overall index. Aitkin scores 68 while Montevideo scores 70 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 Aitkin is $657/month compared to $832/month in Montevideo — a 21% difference. Interestingly, home values tell a different story: while Aitkin has cheaper rent, Montevideo actually has lower median home values ($137,600 vs $172,800).

Median household income in Aitkin is $45,813 compared to $65,724 in Montevideo (-30.3%). While Montevideo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Aitkin spend roughly 17.2% of their income on rent, more than the 15.2% in Montevideo.