Biwabik, MN vs Lexington, MN

The cost of living difference between Biwabik, MN and Lexington, MN is dramatic. Biwabik is 40.9% cheaper than Lexington, a gap that translates to thousands of dollars per year in household expenses. Biwabik has a cost index of 61 while Lexington sits at 104, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Biwabik is $725/month compared to $1,462/month in Lexington — a 50% difference. Home values follow the same pattern: Biwabik is more affordable at $109,500 median vs $282,000.

Median household income in Biwabik is $69,620 compared to $72,955 in Lexington (-4.6%). Lexington does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Biwabik spend roughly 12.5% of their income on rent, less than the 24% in Lexington.