Cloquet, MN vs Cold Spring, MN

There is a significant gap in the cost of living between these two cities. Cloquet is 15.3% cheaper than Cold Spring. With a cost index of 77 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cloquet to Cold Spring should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cloquet is $978/month compared to $1,297/month in Cold Spring — a 25% difference. Home values follow the same pattern: Cloquet is more affordable at $200,100 median vs $242,000.

Median household income in Cloquet is $63,854 compared to $72,022 in Cold Spring (-11.3%). The higher salaries in Cold Spring partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cloquet spend roughly 18.4% of their income on rent, less than the 21.6% in Cold Spring.