Callaway, MN vs New Germany, MN

There is a significant gap in the cost of living between these two cities. Callaway is 22.6% cheaper than New Germany. With a cost index of 64 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Callaway to New Germany should plan for substantially higher expenses across most categories.

On the housing front, median rent in Callaway is $792/month compared to $860/month in New Germany — a 8% difference. Home values follow the same pattern: Callaway is more affordable at $83,300 median vs $252,600.

Median household income in Callaway is $55,000 compared to $88,438 in New Germany (-37.8%). While New Germany 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 11.7% in New Germany.