Eden Valley, MN vs Mountain Iron, MN

Eden Valley, MN and Mountain Iron, MN have a very similar cost of living, with only a 2.5% difference in their overall index. Eden Valley scores 71 while Mountain Iron scores 73 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 Eden Valley is $908/month compared to $911/month in Mountain Iron — a 0% difference. Home values follow the same pattern: Eden Valley is more affordable at $150,800 median vs $180,700.

Median household income in Eden Valley is $62,188 compared to $81,607 in Mountain Iron (-23.8%). While Mountain Iron is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eden Valley spend roughly 17.5% of their income on rent, more than the 13.4% in Mountain Iron.