Amboy, MN vs Red Lake, MN

Red Lake is moderately more affordable than Amboy, with a 11% lower cost of living index. Amboy scores 64 compared to 58 for Red Lake, where the US average is 100. This difference means residents of Amboy can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Amboy is $760/month compared to $426/month in Red Lake — a 78% difference. Interestingly, home values tell a different story: while Red Lake has cheaper rent, Amboy actually has lower median home values ($125,300 vs $136,000).

Median household income in Amboy is $78,214 compared to $55,092 in Red Lake (+42%). While Amboy is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Amboy spend roughly 11.7% of their income on rent, more than the 9.3% in Red Lake.