Babbitt, MN vs Stephen, MN

Babbitt is moderately more affordable than Stephen, with a 9.7% lower cost of living index. Babbitt scores 60 compared to 67 for Stephen, where the US average is 100. This difference means residents of Stephen can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Babbitt is $726/month compared to $871/month in Stephen — a 17% difference. Interestingly, home values tell a different story: while Babbitt has cheaper rent, Stephen actually has lower median home values ($83,800 vs $96,000).

Median household income in Babbitt is $54,318 compared to $63,750 in Stephen (-14.8%). While Stephen 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 16.4% in Stephen.