Deer River, MN vs Wabasha, MN

There is a significant gap in the cost of living between these two cities. Deer River is 15% cheaper than Wabasha. With a cost index of 62 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Deer River to Wabasha should plan for substantially higher expenses across most categories.

On the housing front, median rent in Deer River is $680/month compared to $773/month in Wabasha — a 12% difference. Home values follow the same pattern: Deer River is more affordable at $100,000 median vs $212,800.

Median household income in Deer River is $38,029 compared to $62,016 in Wabasha (-38.7%). While Wabasha is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Deer River spend roughly 21.5% of their income on rent, more than the 15% in Wabasha.