Chisholm, MN vs New Ulm, MN

There is a significant gap in the cost of living between these two cities. Chisholm is 16.9% cheaper than New Ulm. With a cost index of 63 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chisholm to New Ulm should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chisholm is $785/month compared to $974/month in New Ulm — a 19% difference. Home values follow the same pattern: Chisholm is more affordable at $108,100 median vs $192,700.

Median household income in Chisholm is $54,815 compared to $63,984 in New Ulm (-14.3%). The higher salaries in New Ulm partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Chisholm spend roughly 17.2% of their income on rent, less than the 18.3% in New Ulm.