Balaton, MN vs Plato, MN

There is a significant gap in the cost of living between these two cities. Balaton is 20.6% cheaper than Plato. With a cost index of 73 vs 92, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Balaton to Plato should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Balaton are $85,000 compared to $228,900 in Plato, a 63% gap.

Median household income in Balaton is $54,091 compared to $99,375 in Plato (-45.6%). While Plato is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.