Alexandria, MN vs Elko New Market, MN

The cost of living difference between Alexandria, MN and Elko New Market, MN is dramatic. Alexandria is 41.9% cheaper than Elko New Market, a gap that translates to thousands of dollars per year in household expenses. Alexandria has a cost index of 81 while Elko New Market sits at 140, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Alexandria is $907/month compared to $2,311/month in Elko New Market — a 61% difference. Home values follow the same pattern: Alexandria is more affordable at $247,200 median vs $407,400.

Median household income in Alexandria is $61,558 compared to $147,381 in Elko New Market (-58.2%). While Elko New Market is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alexandria spend roughly 17.7% of their income on rent, less than the 18.8% in Elko New Market.