Crosby, MN vs Loretto, MN

There is a significant gap in the cost of living between these two cities. Crosby is 20.4% cheaper than Loretto. With a cost index of 73 vs 92, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Crosby to Loretto should plan for substantially higher expenses across most categories.

On the housing front, median rent in Crosby is $838/month compared to $888/month in Loretto — a 6% difference. Home values follow the same pattern: Crosby is more affordable at $175,600 median vs $350,600.

Median household income in Crosby is $43,250 compared to $110,833 in Loretto (-61%). While Loretto is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Crosby spend roughly 23.3% of their income on rent, more than the 9.6% in Loretto.