Amboy, MN vs Waltham, MN

There is a significant gap in the cost of living between these two cities. Amboy is 15% cheaper than Waltham. With a cost index of 64 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Amboy to Waltham should plan for substantially higher expenses across most categories.

On the housing front, median rent in Amboy is $760/month compared to $1,069/month in Waltham — a 29% difference. Interestingly, home values tell a different story: while Amboy has cheaper rent, Waltham actually has lower median home values ($112,500 vs $125,300).

Median household income in Amboy is $78,214 compared to $75,833 in Waltham (+3.1%). Amboy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Amboy spend roughly 11.7% of their income on rent, less than the 16.9% in Waltham.