Dexter, MN vs New Richland, MN

There is a significant gap in the cost of living between these two cities. New Richland is 21.1% cheaper than Dexter. With a cost index of 61 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Richland to Dexter should plan for substantially higher expenses across most categories.

On the housing front, median rent in Dexter is $859/month compared to $544/month in New Richland — a 58% difference. Home values follow the same pattern: New Richland is more affordable at $133,000 median vs $173,300.

Median household income in Dexter is $87,083 compared to $62,841 in New Richland (+38.6%). While Dexter is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dexter spend roughly 11.8% of their income on rent, more than the 10.4% in New Richland.