Babbitt, MN vs Park Rapids, MN

There is a significant gap in the cost of living between these two cities. Babbitt is 23.7% cheaper than Park Rapids. With a cost index of 60 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Babbitt to Park Rapids should plan for substantially higher expenses across most categories.

On the housing front, median rent in Babbitt is $726/month compared to $912/month in Park Rapids — a 20% difference. Home values follow the same pattern: Babbitt is more affordable at $96,000 median vs $218,500.

Median household income in Babbitt is $54,318 compared to $45,800 in Park Rapids (+18.6%). 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 23.9% in Park Rapids.