Beardsley, MN vs Elbow Lake, MN

Beardsley is moderately more affordable than Elbow Lake, with a 9.4% lower cost of living index. Beardsley scores 56 compared to 62 for Elbow Lake, where the US average is 100. This difference means residents of Elbow Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Beardsley is $533/month compared to $600/month in Elbow Lake — a 11% difference. Home values follow the same pattern: Beardsley is more affordable at $74,500 median vs $120,800.

Median household income in Beardsley is $67,857 compared to $30,000 in Elbow Lake (+126.2%). Beardsley offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Beardsley spend roughly 9.4% of their income on rent, less than the 24% in Elbow Lake.