Claremont, MN vs Lakefield, MN

Claremont, MN and Lakefield, MN have a very similar cost of living, with only a 2.5% difference in their overall index. Claremont scores 68 while Lakefield scores 69 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 Claremont is $850/month compared to $867/month in Lakefield — a 2% difference. Home values follow the same pattern: Claremont is more affordable at $114,100 median vs $115,900.

Median household income in Claremont is $66,458 compared to $62,656 in Lakefield (+6.1%). Claremont offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Claremont spend roughly 15.3% of their income on rent, less than the 16.6% in Lakefield.