Clearwater, MN vs Deerwood, MN

Deerwood is moderately more affordable than Clearwater, with a 6.4% lower cost of living index. Clearwater scores 84 compared to 79 for Deerwood, where the US average is 100. This difference means residents of Clearwater can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clearwater is $1,074/month compared to $920/month in Deerwood — a 17% difference. Home values follow the same pattern: Deerwood is more affordable at $214,700 median vs $248,100.

Median household income in Clearwater is $89,219 compared to $62,679 in Deerwood (+42.3%). While Clearwater is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clearwater spend roughly 14.4% of their income on rent, less than the 17.6% in Deerwood.