Cleveland, MN vs Waterville, MN

Cleveland is moderately more affordable than Waterville, with a 5.1% lower cost of living index. Cleveland scores 76 compared to 80 for Waterville, where the US average is 100. This difference means residents of Waterville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cleveland is $735/month compared to $835/month in Waterville — a 12% difference. Home values follow the same pattern: Cleveland is more affordable at $204,200 median vs $216,700.

Median household income in Cleveland is $83,281 compared to $67,721 in Waterville (+23%). Cleveland offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cleveland spend roughly 10.6% of their income on rent, less than the 14.8% in Waterville.