Deerwood, MN vs Howard Lake, MN

Deerwood is moderately more affordable than Howard Lake, with a 6.2% lower cost of living index. Deerwood scores 79 compared to 84 for Howard Lake, where the US average is 100. This difference means residents of Howard Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Deerwood is $920/month compared to $930/month in Howard Lake — a 1% difference. Home values follow the same pattern: Deerwood is more affordable at $214,700 median vs $239,100.

Median household income in Deerwood is $62,679 compared to $99,464 in Howard Lake (-37%). While Howard Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Deerwood spend roughly 17.6% of their income on rent, more than the 11.2% in Howard Lake.