Cosmos, MN vs Red Lake, MN

Red Lake is moderately more affordable than Cosmos, with a 8.5% lower cost of living index. Cosmos scores 63 compared to 58 for Red Lake, where the US average is 100. This difference means residents of Cosmos can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cosmos is $699/month compared to $426/month in Red Lake — a 64% difference. Interestingly, home values tell a different story: while Red Lake has cheaper rent, Cosmos actually has lower median home values ($95,000 vs $136,000).

Median household income in Cosmos is $50,833 compared to $55,092 in Red Lake (-7.7%). Red Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cosmos spend roughly 16.5% of their income on rent, more than the 9.3% in Red Lake.