Deerwood, MN vs Utica, MN

Deerwood, MN and Utica, MN have a very similar cost of living, with only a 1.4% difference in their overall index. Deerwood scores 79 while Utica scores 80 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Deerwood is $920/month compared to $1,075/month in Utica — a 14% difference. Interestingly, home values tell a different story: while Deerwood has cheaper rent, Utica actually has lower median home values ($184,200 vs $214,700).

Median household income in Deerwood is $62,679 compared to $86,250 in Utica (-27.3%). While Utica 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 15% in Utica.