Belview, MN vs Madison Lake, MN

There is a significant gap in the cost of living between these two cities. Belview is 16.3% cheaper than Madison Lake. With a cost index of 66 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belview to Madison Lake should plan for substantially higher expenses across most categories.

On the housing front, median rent in Belview is $855/month compared to $829/month in Madison Lake — a 3% difference. Interestingly, home values tell a different story: while Madison Lake has cheaper rent, Belview actually has lower median home values ($79,500 vs $281,300).

Median household income in Belview is $62,000 compared to $84,833 in Madison Lake (-26.9%). While Madison Lake 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 11.7% in Madison Lake.