Clarkfield, MN vs Wabasha, MN

Clarkfield is moderately more affordable than Wabasha, with a 11.9% lower cost of living index. Clarkfield scores 65 compared to 73 for Wabasha, where the US average is 100. This difference means residents of Wabasha can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clarkfield is $792/month compared to $773/month in Wabasha — a 3% difference. Interestingly, home values tell a different story: while Wabasha has cheaper rent, Clarkfield actually has lower median home values ($86,400 vs $212,800).

Median household income in Clarkfield is $57,232 compared to $62,016 in Wabasha (-7.7%). The higher salaries in Wabasha partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Clarkfield spend roughly 16.6% of their income on rent, more than the 15% in Wabasha.