Andover, MN vs Monticello, MN

There is a significant gap in the cost of living between these two cities. Monticello is 17.6% cheaper than Andover. With a cost index of 105 vs 124, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Andover should plan for substantially higher expenses across most categories.

On the housing front, median rent in Andover is $1,827/month compared to $1,462/month in Monticello — a 25% difference. Home values follow the same pattern: Monticello is more affordable at $298,400 median vs $389,200.

Median household income in Andover is $131,528 compared to $81,563 in Monticello (+61.3%). While Andover is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Andover spend roughly 16.7% of their income on rent, less than the 21.5% in Monticello.