Clarks Grove, MN vs Winsted, MN

Clarks Grove is moderately more affordable than Winsted, with a 9.1% lower cost of living index. Clarks Grove scores 71 compared to 78 for Winsted, where the US average is 100. This difference means residents of Winsted can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clarks Grove is $867/month compared to $797/month in Winsted — a 9% difference. Interestingly, home values tell a different story: while Winsted has cheaper rent, Clarks Grove actually has lower median home values ($132,800 vs $210,200).

Median household income in Clarks Grove is $69,792 compared to $70,208 in Winsted (-0.6%). Winsted does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Clarks Grove spend roughly 14.9% of their income on rent, more than the 13.6% in Winsted.