Belgrade, MN vs Pequot Lakes, MN

There is a significant gap in the cost of living between these two cities. Belgrade is 19.5% cheaper than Pequot Lakes. With a cost index of 63 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belgrade to Pequot Lakes should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belgrade is $647/month compared to $792/month in Pequot Lakes — a 18% difference. Home values follow the same pattern: Belgrade is more affordable at $143,900 median vs $246,400.

Median household income in Belgrade is $48,977 compared to $66,974 in Pequot Lakes (-26.9%). While Pequot Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belgrade spend roughly 15.9% of their income on rent, more than the 14.2% in Pequot Lakes.