Bovey, MN vs Stacy, MN

There is a significant gap in the cost of living between these two cities. Bovey is 16.4% cheaper than Stacy. With a cost index of 68 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bovey to Stacy should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bovey is $850/month compared to $871/month in Stacy — a 2% difference. Home values follow the same pattern: Bovey is more affordable at $103,400 median vs $222,800.

Median household income in Bovey is $67,500 compared to $76,875 in Stacy (-12.2%). The higher salaries in Stacy 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, more than the 13.6% in Stacy.