Cromwell, MN vs Lake St. Croix Beach, MN

There is a significant gap in the cost of living between these two cities. Cromwell is 27.2% cheaper than Lake St. Croix Beach. With a cost index of 68 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Cromwell to Lake St. Croix Beach should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cromwell is $825/month compared to $963/month in Lake St. Croix Beach — a 14% difference. Home values follow the same pattern: Cromwell is more affordable at $150,000 median vs $334,600.

Median household income in Cromwell is $55,625 compared to $100,134 in Lake St. Croix Beach (-44.4%). While Lake St. Croix Beach is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cromwell spend roughly 17.8% of their income on rent, more than the 11.5% in Lake St. Croix Beach.