Callaway, MN vs Graceville, MN

Callaway, MN and Graceville, MN have a very similar cost of living, with only a 1.9% difference in their overall index. Callaway scores 64 while Graceville scores 63 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 Callaway is $792/month compared to $703/month in Graceville — a 13% difference. Interestingly, home values tell a different story: while Graceville has cheaper rent, Callaway actually has lower median home values ($83,300 vs $101,700).

Median household income in Callaway is $55,000 compared to $51,667 in Graceville (+6.5%). While Callaway is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Callaway spend roughly 17.3% of their income on rent, more than the 16.3% in Graceville.