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Deer Creek, MN vs Watkins, MN

55
Deer Creek
Minnesota
VS
-15.3%
66
Watkins
Minnesota

There is a significant gap in the cost of living between these two cities. Deer Creek is 15.3% cheaper than Watkins. With a cost index of 55 vs 66, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Deer Creek to Watkins should plan for substantially higher expenses across most categories.

On the housing front, median rent in Deer Creek is $388/month compared to $760/month in Watkins — a 49% difference. Home values follow the same pattern: Deer Creek is more affordable at $123,100 median vs $136,800.

Median household income in Deer Creek is $55,000 compared to $50,875 in Watkins (+8.1%). Deer Creek offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Deer Creek spend roughly 8.5% of their income on rent, less than the 17.9% in Watkins.

Income & Cost

Cost of Living Index
Deer Creek
55
15% cheaper
Watkins
66
Median Household Income
Deer Creek
$55,000
8% higher
Watkins
$50,875

Housing

Median Rent
Deer Creek
$388
49% cheaper
Watkins
$760
Median Home Value
Deer Creek
$123,100
10% cheaper
Watkins
$136,800
Population
Deer Creek
273
Watkins
797

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Deer Creek
Watkins $2.97
US $3.07
🥚
Eggs (grade A, large)
Deer Creek
Watkins $2.43
US $2.50
🥛
Milk (whole)
Deer Creek
Watkins $3.91
US $4.03
🍞
Bread (white)
Deer Creek
Watkins $1.79
US $1.85
🍗
Chicken breast
Deer Creek
Watkins $4.02
US $4.14
Electricity
Deer Creek
Watkins $0.17
US $0.19