Detroit Lakes, MN vs Montgomery, MN

Detroit Lakes, MN and Montgomery, MN have a very similar cost of living, with only a 0.3% difference in their overall index. Detroit Lakes scores 82 while Montgomery scores 82 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 Detroit Lakes is $925/month compared to $896/month in Montgomery — a 3% difference. Home values follow the same pattern: Montgomery is more affordable at $218,900 median vs $246,200.

Median household income in Detroit Lakes is $62,123 compared to $74,018 in Montgomery (-16.1%). Montgomery offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Detroit Lakes spend roughly 17.9% of their income on rent, more than the 14.5% in Montgomery.