Canby, MN vs Stephen, MN

Canby is moderately more affordable than Stephen, with a 6.4% lower cost of living index. Canby scores 63 compared to 67 for Stephen, where the US average is 100. This difference means residents of Stephen can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Canby is $600/month compared to $871/month in Stephen — a 31% difference. Interestingly, home values tell a different story: while Canby has cheaper rent, Stephen actually has lower median home values ($83,800 vs $131,800).

Median household income in Canby is $58,839 compared to $63,750 in Stephen (-7.7%). While Stephen 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 16.4% in Stephen.