Deerwood, MN vs Tracy, MN

The cost of living difference between Deerwood, MN and Tracy, MN is dramatic. Tracy is 34.2% cheaper than Deerwood, a gap that translates to thousands of dollars per year in household expenses. Deerwood has a cost index of 79 while Tracy sits at 59, 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.

On the housing front, median rent in Deerwood is $920/month compared to $536/month in Tracy — a 72% difference. Home values follow the same pattern: Tracy is more affordable at $110,900 median vs $214,700.

Median household income in Deerwood is $62,679 compared to $60,682 in Tracy (+3.3%). Deerwood does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Deerwood spend roughly 17.6% of their income on rent, more than the 10.6% in Tracy.