Balaton, MN vs Elmdale, MN

There is a significant gap in the cost of living between these two cities. Balaton is 21.4% cheaper than Elmdale. With a cost index of 73 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Balaton to Elmdale should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Balaton are $85,000 compared to $268,800 in Elmdale, a 68% gap.

Median household income in Balaton is $54,091 compared to $141,250 in Elmdale (-61.7%). While Elmdale is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.