Cass Lake, MN vs Richmond, MN

Cass Lake, MN and Richmond, MN have a very similar cost of living, with only a 4.1% difference in their overall index. Cass Lake scores 65 while Richmond scores 67 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 Cass Lake is $730/month compared to $584/month in Richmond — a 25% difference. Interestingly, home values tell a different story: while Richmond has cheaper rent, Cass Lake actually has lower median home values ($109,100 vs $225,500).

Median household income in Cass Lake is $47,045 compared to $67,381 in Richmond (-30.2%). While Richmond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cass Lake spend roughly 18.6% of their income on rent, more than the 10.4% in Richmond.