Austin, MN vs Mound, MN

There is a significant gap in the cost of living between these two cities. Austin is 26.9% cheaper than Mound. With a cost index of 72 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Austin to Mound should plan for substantially higher expenses across most categories.

On the housing front, median rent in Austin is $860/month compared to $1,119/month in Mound — a 23% difference. Home values follow the same pattern: Austin is more affordable at $155,100 median vs $348,600.

Median household income in Austin is $66,488 compared to $91,370 in Mound (-27.2%). While Mound is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Austin spend roughly 15.5% of their income on rent, more than the 14.7% in Mound.