Cokato, MN vs New Prague, MN

There is a significant gap in the cost of living between these two cities. Cokato is 17.2% cheaper than New Prague. With a cost index of 82 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cokato to New Prague should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cokato is $926/month compared to $1,198/month in New Prague — a 23% difference. Home values follow the same pattern: Cokato is more affordable at $216,100 median vs $323,500.

Median household income in Cokato is $71,090 compared to $98,424 in New Prague (-27.8%). While New Prague is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cokato spend roughly 15.6% of their income on rent, more than the 14.6% in New Prague.