Annandale, MN vs Madison Lake, MN

Annandale, MN and Madison Lake, MN have a very similar cost of living, with only a 3.7% difference in their overall index. Annandale scores 82 while Madison Lake scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Annandale is $967/month compared to $829/month in Madison Lake — a 17% difference. Interestingly, home values tell a different story: while Madison Lake has cheaper rent, Annandale actually has lower median home values ($195,100 vs $281,300).

Median household income in Annandale is $50,536 compared to $84,833 in Madison Lake (-40.4%). Madison Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Annandale spend roughly 23% of their income on rent, more than the 11.7% in Madison Lake.