Elbow Lake, MN vs Waubun, MN

Waubun is moderately more affordable than Elbow Lake, with a 9.8% lower cost of living index. Elbow Lake scores 66 compared to 60 for Waubun, where the US average is 100. This difference means residents of Elbow Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elbow Lake is $746/month compared to $670/month in Waubun — a 11% difference. Home values follow the same pattern: Waubun is more affordable at $75,000 median vs $118,900.

Median household income in Elbow Lake is $56,786 compared to $51,667 in Waubun (+9.9%). While Elbow 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 Elbow Lake spend roughly 15.8% of their income on rent, more than the 15.6% in Waubun.