Belgrade, MN vs Peterson, MN

Peterson is moderately more affordable than Belgrade, with a 7.9% lower cost of living index. Belgrade scores 63 compared to 58 for Peterson, where the US average is 100. This difference means residents of Belgrade can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Belgrade is $647/month compared to $538/month in Peterson — a 20% difference. Home values follow the same pattern: Peterson is more affordable at $112,500 median vs $143,900.

Median household income in Belgrade is $48,977 compared to $66,250 in Peterson (-26.1%). Peterson offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Belgrade spend roughly 15.9% of their income on rent, more than the 9.7% in Peterson.