Belview, MN vs Elbow Lake, MN

Belview, MN and Elbow Lake, MN have a very similar cost of living, with only a 0.1% difference in their overall index. Belview scores 66 while Elbow Lake scores 66 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 Belview is $855/month compared to $746/month in Elbow Lake — a 15% difference. Interestingly, home values tell a different story: while Elbow Lake has cheaper rent, Belview actually has lower median home values ($79,500 vs $118,900).

Median household income in Belview is $62,000 compared to $56,786 in Elbow Lake (+9.2%). While Belview is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belview spend roughly 16.5% of their income on rent, more than the 15.8% in Elbow Lake.