Barnum, MN vs Richmond, MN

Barnum, MN and Richmond, MN have a very similar cost of living, with only a 1.7% difference in their overall index. Barnum scores 69 while Richmond scores 67 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.

On the housing front, median rent in Barnum is $902/month compared to $584/month in Richmond — a 55% difference. Interestingly, home values tell a different story: while Richmond has cheaper rent, Barnum actually has lower median home values ($131,300 vs $225,500).

Median household income in Barnum is $49,583 compared to $67,381 in Richmond (-26.4%). Richmond offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Barnum spend roughly 21.8% of their income on rent, more than the 10.4% in Richmond.