Clara City, MN vs Hampton, MN
There is a significant gap in the cost of living between these two cities. Clara City is 16.6% cheaper than Hampton. With a cost index of 75 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clara City to Hampton should plan for substantially higher expenses across most categories.
On the housing front, median rent in Clara City is $1,063/month compared to $950/month in Hampton — a 12% difference. Interestingly, home values tell a different story: while Hampton has cheaper rent, Clara City actually has lower median home values ($116,500 vs $305,700).
Median household income in Clara City is $58,431 compared to $106,111 in Hampton (-44.9%). While Hampton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clara City spend roughly 21.8% of their income on rent, more than the 10.7% in Hampton.
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