Chatfield, MN vs Welcome, MN

There is a significant gap in the cost of living between these two cities. Welcome is 16.3% cheaper than Chatfield. With a cost index of 60 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Welcome to Chatfield should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chatfield is $645/month compared to $625/month in Welcome — a 3% difference. Home values follow the same pattern: Welcome is more affordable at $91,300 median vs $216,000.

Median household income in Chatfield is $91,912 compared to $55,357 in Welcome (+66%). While Chatfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chatfield spend roughly 8.4% of their income on rent, less than the 13.5% in Welcome.