Clarks Grove, MN vs Rice, MN

There is a significant gap in the cost of living between these two cities. Clarks Grove is 27.1% cheaper than Rice. With a cost index of 71 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clarks Grove to Rice should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clarks Grove is $867/month compared to $1,529/month in Rice — a 43% difference. Home values follow the same pattern: Clarks Grove is more affordable at $132,800 median vs $237,600.

Median household income in Clarks Grove is $69,792 compared to $103,482 in Rice (-32.6%). While Rice is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clarks Grove spend roughly 14.9% of their income on rent, less than the 17.7% in Rice.