Balaton, MN vs Boyd, MN

Balaton, MN and Boyd, MN have a very similar cost of living, with only a 3.2% difference in their overall index. Balaton scores 73 while Boyd scores 76 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.

When it comes to buying, median home values in Balaton are $85,000 compared to $26,100 in Boyd, a 226% gap.

Median household income in Balaton is $54,091 compared to $54,500 in Boyd (-0.8%). Boyd does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget.