Canby, MN vs Newport, MN

The cost of living difference between Canby, MN and Newport, MN is dramatic. Canby is 35.1% cheaper than Newport, a gap that translates to thousands of dollars per year in household expenses. Canby has a cost index of 63 while Newport sits at 96, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Canby is $600/month compared to $1,080/month in Newport — a 44% difference. Home values follow the same pattern: Canby is more affordable at $131,800 median vs $331,300.

Median household income in Canby is $58,839 compared to $63,365 in Newport (-7.1%). Newport does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Canby spend roughly 12.2% of their income on rent, less than the 20.5% in Newport.