Bovey, MN vs Pemberton, MN

There is a significant gap in the cost of living between these two cities. Bovey is 29.1% cheaper than Pemberton. With a cost index of 68 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bovey to Pemberton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bovey is $850/month compared to $1,725/month in Pemberton — a 51% difference. Home values follow the same pattern: Bovey is more affordable at $103,400 median vs $155,000.

Median household income in Bovey is $67,500 compared to $54,750 in Pemberton (+23.3%). Bovey offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bovey spend roughly 15.1% of their income on rent, less than the 37.8% in Pemberton. The Bovey ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.