Alexandria, MN vs Inver Grove Heights, MN

There is a significant gap in the cost of living between these two cities. Alexandria is 25.5% cheaper than Inver Grove Heights. With a cost index of 81 vs 109, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alexandria to Inver Grove Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alexandria is $907/month compared to $1,447/month in Inver Grove Heights — a 37% difference. Home values follow the same pattern: Alexandria is more affordable at $247,200 median vs $352,300.

Median household income in Alexandria is $61,558 compared to $104,055 in Inver Grove Heights (-40.8%). While Inver Grove Heights 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, more than the 16.7% in Inver Grove Heights.