Deephaven, MN vs Hermantown, MN

The cost of living difference between Deephaven, MN and Hermantown, MN is dramatic. Hermantown is 42.4% cheaper than Deephaven, a gap that translates to thousands of dollars per year in household expenses. Deephaven has a cost index of 147 while Hermantown sits at 103, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Deephaven are $854,000 compared to $374,000 in Hermantown, a 128% gap.

Median household income in Deephaven is $175,441 compared to $92,026 in Hermantown (+90.6%). While Deephaven is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.