Biwabik, MN vs Lake Crystal, MN

Biwabik is moderately more affordable than Lake Crystal, with a 7% lower cost of living index. Biwabik scores 61 compared to 66 for Lake Crystal, where the US average is 100. This difference means residents of Lake Crystal can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Biwabik is $725/month compared to $644/month in Lake Crystal — a 13% difference. Interestingly, home values tell a different story: while Lake Crystal has cheaper rent, Biwabik actually has lower median home values ($109,500 vs $193,800).

Median household income in Biwabik is $69,620 compared to $77,979 in Lake Crystal (-10.7%). While Lake Crystal is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Biwabik spend roughly 12.5% of their income on rent, more than the 9.9% in Lake Crystal.