Altura, MN vs Medford, MN
There is a significant gap in the cost of living between these two cities. Altura is 21.5% cheaper than Medford. With a cost index of 66 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Altura to Medford should plan for substantially higher expenses across most categories.
On the housing front, median rent in Altura is $644/month compared to $1,036/month in Medford — a 38% difference. Home values follow the same pattern: Altura is more affordable at $171,900 median vs $234,300.
Median household income in Altura is $65,833 compared to $98,375 in Medford (-33.1%). While Medford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Altura spend roughly 11.7% of their income on rent, less than the 12.6% in Medford.
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