East Gull Lake, MN vs Montgomery, MN

The cost of living difference between East Gull Lake, MN and Montgomery, MN is dramatic. Montgomery is 45.1% cheaper than East Gull Lake, a gap that translates to thousands of dollars per year in household expenses. East Gull Lake has a cost index of 118 while Montgomery sits at 82, 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 East Gull Lake is $1,386/month compared to $896/month in Montgomery — a 55% difference. Home values follow the same pattern: Montgomery is more affordable at $218,900 median vs $522,000.

Median household income in East Gull Lake is $128,548 compared to $74,018 in Montgomery (+73.7%). While East Gull Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of East Gull Lake spend roughly 12.9% of their income on rent, less than the 14.5% in Montgomery.