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Clarkfield, MN vs Murdock, MN

65
Clarkfield
Minnesota
VS
-4.2%
68
Murdock
Minnesota

Clarkfield, MN and Murdock, MN have a very similar cost of living, with only a 4.2% difference in their overall index. Clarkfield scores 65 while Murdock scores 68 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 Clarkfield is $792/month compared to $863/month in Murdock — a 8% difference. Home values follow the same pattern: Clarkfield is more affordable at $86,400 median vs $95,000.

Median household income in Clarkfield is $57,232 compared to $70,500 in Murdock (-18.8%). While Murdock is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clarkfield spend roughly 16.6% of their income on rent, more than the 14.7% in Murdock.

Income & Cost

Cost of Living Index
Clarkfield
65
4% cheaper
Murdock
68
Median Household Income
Clarkfield
$57,232
Murdock
$70,500
19% higher

Housing

Median Rent
Clarkfield
$792
8% cheaper
Murdock
$863
Median Home Value
Clarkfield
$86,400
9% cheaper
Murdock
$95,000
Population
Clarkfield
868
Murdock
306

Salary Equivalency Calculator

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