Babbitt, MN vs Cosmos, MN

Babbitt, MN and Cosmos, MN have a very similar cost of living, with only a 3.5% difference in their overall index. Babbitt scores 60 while Cosmos scores 63 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 Babbitt is $726/month compared to $699/month in Cosmos — a 4% difference. Home values follow the same pattern: Cosmos is more affordable at $95,000 median vs $96,000.

Median household income in Babbitt is $54,318 compared to $50,833 in Cosmos (+6.9%). Babbitt offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Babbitt spend roughly 16% of their income on rent, less than the 16.5% in Cosmos.