Coleraine, MN vs Deerwood, MN

Coleraine, MN and Deerwood, MN have a very similar cost of living, with only a 3.5% difference in their overall index. Coleraine scores 76 while Deerwood scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Coleraine is $923/month compared to $920/month in Deerwood — a 0% difference. Interestingly, home values tell a different story: while Deerwood has cheaper rent, Coleraine actually has lower median home values ($179,900 vs $214,700).

Median household income in Coleraine is $67,083 compared to $62,679 in Deerwood (+7%). Coleraine offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Coleraine spend roughly 16.5% of their income on rent, less than the 17.6% in Deerwood.