Alexandria, MN vs Luverne, MN

There is a significant gap in the cost of living between these two cities. Luverne is 19.4% cheaper than Alexandria. With a cost index of 68 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Luverne to Alexandria should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alexandria is $907/month compared to $718/month in Luverne — a 26% difference. Home values follow the same pattern: Luverne is more affordable at $181,100 median vs $247,200.

Median household income in Alexandria is $61,558 compared to $66,145 in Luverne (-6.9%). Luverne offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexandria spend roughly 17.7% of their income on rent, more than the 13% in Luverne.