Eagle Lake, MN vs Shafer, MN

Shafer is moderately more affordable than Eagle Lake, with a 11.7% lower cost of living index. Eagle Lake scores 94 compared to 84 for Shafer, where the US average is 100. This difference means residents of Eagle Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Eagle Lake is $1,405/month compared to $954/month in Shafer — a 47% difference. Home values follow the same pattern: Shafer is more affordable at $225,700 median vs $249,600.

Median household income in Eagle Lake is $97,161 compared to $96,042 in Shafer (+1.2%). Eagle Lake 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 Eagle Lake spend roughly 17.4% of their income on rent, more than the 11.9% in Shafer.