Bovey, MN vs Rice, MN

The cost of living difference between Bovey, MN and Rice, MN is dramatic. Bovey is 30.1% cheaper than Rice, a gap that translates to thousands of dollars per year in household expenses. Bovey has a cost index of 68 while Rice sits at 97, 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 Bovey is $850/month compared to $1,529/month in Rice — a 44% difference. Home values follow the same pattern: Bovey is more affordable at $103,400 median vs $237,600.

Median household income in Bovey is $67,500 compared to $103,482 in Rice (-34.8%). While Rice 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, less than the 17.7% in Rice.