Bovey, MN vs Lutsen, MN

There is a significant gap in the cost of living between these two cities. Bovey is 26.9% cheaper than Lutsen. With a cost index of 68 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bovey to Lutsen should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bovey is $850/month compared to $1,013/month in Lutsen — a 16% difference. Home values follow the same pattern: Bovey is more affordable at $103,400 median vs $347,500.

Median household income in Bovey is $67,500 compared to $78,750 in Lutsen (-14.3%). The higher salaries in Lutsen partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Bovey spend roughly 15.1% of their income on rent, less than the 15.4% in Lutsen.