Barrett, MN vs Lastrup, MN
There is a significant gap in the cost of living between these two cities. Lastrup is 21.6% cheaper than Barrett. With a cost index of 66 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lastrup to Barrett should plan for substantially higher expenses across most categories.
On the housing front, median rent in Barrett is $1,284/month compared to $725/month in Lastrup — a 77% difference. Interestingly, home values tell a different story: while Lastrup has cheaper rent, Barrett actually has lower median home values ($94,000 vs $127,100).
Median household income in Barrett is $58,125 compared to $65,000 in Lastrup (-10.6%). Lastrup offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Barrett spend roughly 26.5% of their income on rent, more than the 13.4% in Lastrup.
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