Deerwood, MN vs Lester Prairie, MN

Lester Prairie is moderately more affordable than Deerwood, with a 7.4% lower cost of living index. Deerwood scores 79 compared to 74 for Lester Prairie, where the US average is 100. This difference means residents of Deerwood 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 $735/month in Lester Prairie — a 25% difference. Interestingly, home values tell a different story: while Lester Prairie has cheaper rent, Deerwood actually has lower median home values ($214,700 vs $217,000).

Median household income in Deerwood is $62,679 compared to $87,188 in Lester Prairie (-28.1%). Lester Prairie offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Deerwood spend roughly 17.6% of their income on rent, more than the 10.1% in Lester Prairie.