Carver, MN vs Monticello, MN

Monticello is moderately more affordable than Carver, with a 6.7% lower cost of living index. Carver scores 112 compared to 105 for Monticello, where the US average is 100. This difference means residents of Carver can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Carver is $1,347/month compared to $1,462/month in Monticello — a 8% difference. Interestingly, home values tell a different story: while Carver has cheaper rent, Monticello actually has lower median home values ($298,400 vs $427,600).

Median household income in Carver is $144,408 compared to $81,563 in Monticello (+77.1%). While Carver is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carver spend roughly 11.2% of their income on rent, less than the 21.5% in Monticello.