Caledonia, MN vs Parkers Prairie, MN

Caledonia, MN and Parkers Prairie, MN have a very similar cost of living, with only a 0.2% difference in their overall index. Caledonia scores 68 while Parkers Prairie scores 68 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 Caledonia is $804/month compared to $736/month in Parkers Prairie — a 9% difference. Interestingly, home values tell a different story: while Parkers Prairie has cheaper rent, Caledonia actually has lower median home values ($148,500 vs $152,500).

Median household income in Caledonia is $69,792 compared to $58,750 in Parkers Prairie (+18.8%). Caledonia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Caledonia spend roughly 13.8% of their income on rent, less than the 15% in Parkers Prairie.