Clearwater, MN vs The Lakes, MN

There is a significant gap in the cost of living between these two cities. Clearwater is 20.4% cheaper than The Lakes. With a cost index of 84 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clearwater to The Lakes should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Clearwater are $248,100 compared to $391,900 in The Lakes, a 37% gap.

Median household income in Clearwater is $89,219 compared to $88,929 in The Lakes (+0.3%). Clearwater offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.