Babbitt, MN vs Floodwood, MN

Babbitt, MN and Floodwood, MN have a very similar cost of living, with only a 2.5% difference in their overall index. Babbitt scores 60 while Floodwood scores 59 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 $667/month in Floodwood — a 9% difference. Interestingly, home values tell a different story: while Floodwood has cheaper rent, Babbitt actually has lower median home values ($96,000 vs $100,000).

Median household income in Babbitt is $54,318 compared to $40,972 in Floodwood (+32.6%). While Babbitt is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Babbitt spend roughly 16% of their income on rent, less than the 19.5% in Floodwood.