Bovey, MN vs Wilmont, MN

Bovey is moderately more affordable than Wilmont, with a 5.3% lower cost of living index. Bovey scores 68 compared to 72 for Wilmont, where the US average is 100. This difference means residents of Wilmont can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bovey is $850/month compared to $842/month in Wilmont — a 1% difference. Interestingly, home values tell a different story: while Wilmont has cheaper rent, Bovey actually has lower median home values ($103,400 vs $152,500).

Median household income in Bovey is $67,500 compared to $55,000 in Wilmont (+22.7%). 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 18.4% in Wilmont.