Coleraine, MN vs The Lakes, MN

There is a significant gap in the cost of living between these two cities. Coleraine is 27.8% cheaper than The Lakes. With a cost index of 76 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Coleraine to The Lakes should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Coleraine are $179,900 compared to $391,900 in The Lakes, a 54% gap.

Median household income in Coleraine is $67,083 compared to $88,929 in The Lakes (-24.6%). The higher salaries in The Lakes partially offset the cost difference, but don't fully close the gap.