Breckenridge, MN vs Medford, MN
There is a significant gap in the cost of living between these two cities. Breckenridge is 28.2% cheaper than Medford. With a cost index of 60 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Breckenridge to Medford should plan for substantially higher expenses across most categories.
On the housing front, median rent in Breckenridge is $502/month compared to $1,036/month in Medford — a 52% difference. Home values follow the same pattern: Breckenridge is more affordable at $142,000 median vs $234,300.
Median household income in Breckenridge is $57,344 compared to $98,375 in Medford (-41.7%). While Medford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Breckenridge spend roughly 10.5% of their income on rent, less than the 12.6% in Medford.
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