Canby, MN vs Cosmos, MN

Canby, MN and Cosmos, MN have a very similar cost of living, with only a 0% difference in their overall index. Canby scores 63 while Cosmos 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 Canby is $600/month compared to $699/month in Cosmos — a 14% difference. Interestingly, home values tell a different story: while Canby has cheaper rent, Cosmos actually has lower median home values ($95,000 vs $131,800).

Median household income in Canby is $58,839 compared to $50,833 in Cosmos (+15.7%). While Canby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Canby spend roughly 12.2% of their income on rent, less than the 16.5% in Cosmos.