Cokato, MN vs New Richland, MN

The cost of living difference between Cokato, MN and New Richland, MN is dramatic. New Richland is 34.9% cheaper than Cokato, a gap that translates to thousands of dollars per year in household expenses. Cokato has a cost index of 82 while New Richland sits at 61, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cokato is $926/month compared to $544/month in New Richland — a 70% difference. Home values follow the same pattern: New Richland is more affordable at $133,000 median vs $216,100.

Median household income in Cokato is $71,090 compared to $62,841 in New Richland (+13.1%). Cokato does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Cokato spend roughly 15.6% of their income on rent, more than the 10.4% in New Richland.