Caledonia, MN vs New Richland, MN

New Richland is moderately more affordable than Caledonia, with a 11.9% lower cost of living index. Caledonia scores 68 compared to 61 for New Richland, where the US average is 100. This difference means residents of Caledonia can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Caledonia is $804/month compared to $544/month in New Richland — a 48% difference. Home values follow the same pattern: New Richland is more affordable at $133,000 median vs $148,500.

Median household income in Caledonia is $69,792 compared to $62,841 in New Richland (+11.1%). The higher salaries in Caledonia partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Caledonia spend roughly 13.8% of their income on rent, more than the 10.4% in New Richland.