Argyle, MN vs Richmond, MN

Argyle is moderately more affordable than Richmond, with a 8.2% lower cost of living index. Argyle scores 62 compared to 67 for Richmond, where the US average is 100. This difference means residents of Richmond can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Argyle is $426/month compared to $584/month in Richmond — a 27% difference. Home values follow the same pattern: Argyle is more affordable at $188,200 median vs $225,500.

Median household income in Argyle is $81,750 compared to $67,381 in Richmond (+21.3%). Argyle offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Argyle spend roughly 6.3% of their income on rent, less than the 10.4% in Richmond.