Bovey, MN vs Clearwater, MN

There is a significant gap in the cost of living between these two cities. Bovey is 19.4% cheaper than Clearwater. With a cost index of 68 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bovey to Clearwater should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bovey is $850/month compared to $1,074/month in Clearwater — a 21% difference. Home values follow the same pattern: Bovey is more affordable at $103,400 median vs $248,100.

Median household income in Bovey is $67,500 compared to $89,219 in Clearwater (-24.3%). While Clearwater is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bovey spend roughly 15.1% of their income on rent, more than the 14.4% in Clearwater.