Alvarado, MN vs Sherburn, MN

There is a significant gap in the cost of living between these two cities. Sherburn is 21.4% cheaper than Alvarado. With a cost index of 64 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Sherburn to Alvarado should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alvarado is $1,208/month compared to $734/month in Sherburn — a 65% difference. Home values follow the same pattern: Sherburn is more affordable at $97,900 median vs $132,700.

Median household income in Alvarado is $70,000 compared to $63,026 in Sherburn (+11.1%). The higher salaries in Alvarado partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Alvarado spend roughly 20.7% of their income on rent, more than the 14% in Sherburn.