Coon Rapids, MN vs Lakeville, MN

There is a significant gap in the cost of living between these two cities. Coon Rapids is 16.7% cheaper than Lakeville. With a cost index of 103 vs 124, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Coon Rapids to Lakeville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Coon Rapids is $1,418/month compared to $1,727/month in Lakeville — a 18% difference. Home values follow the same pattern: Coon Rapids is more affordable at $287,200 median vs $425,200.

Median household income in Coon Rapids is $86,618 compared to $138,119 in Lakeville (-37.3%). While Lakeville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Coon Rapids spend roughly 19.6% of their income on rent, more than the 15% in Lakeville.