Buffalo Lake, MN vs Lake Wilson, MN

Buffalo Lake, MN and Lake Wilson, MN have a very similar cost of living, with only a 2.3% difference in their overall index. Buffalo Lake scores 65 while Lake Wilson scores 64 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Buffalo Lake is $763/month compared to $750/month in Lake Wilson — a 2% difference. Home values follow the same pattern: Lake Wilson is more affordable at $92,800 median vs $106,000.

Median household income in Buffalo Lake is $56,719 compared to $59,375 in Lake Wilson (-4.5%). Lake Wilson offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Buffalo Lake spend roughly 16.1% of their income on rent, more than the 15.2% in Lake Wilson.