Dennison, MN vs Ivanhoe, MN

The cost of living difference between Dennison, MN and Ivanhoe, MN is dramatic. Ivanhoe is 79.3% cheaper than Dennison, a gap that translates to thousands of dollars per year in household expenses. Dennison has a cost index of 100 while Ivanhoe sits at 56, 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 Dennison is $1,600/month compared to $550/month in Ivanhoe — a 191% difference. Home values follow the same pattern: Ivanhoe is more affordable at $65,500 median vs $215,600.

Median household income in Dennison is $51,250 compared to $54,583 in Ivanhoe (-6.1%). Ivanhoe offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Dennison spend roughly 37.5% of their income on rent, more than the 12.1% in Ivanhoe. The Ivanhoe ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.