Cogswell, ND vs Woodworth, ND
There is a significant gap in the cost of living between these two cities. Cogswell is 27.2% cheaper than Woodworth. With a cost index of 50 vs 69, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cogswell to Woodworth should plan for substantially higher expenses across most categories.
Renters will find that Cogswell has a median rent of $517/month while Woodworth comes in at $435/month, a 19% difference.
Median household income in Cogswell is $60,938 compared to $49,583 in Woodworth (+22.9%). Cogswell offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cogswell spend roughly 10.2% of their income on rent, less than the 10.5% in Woodworth.
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