Elbow Lake, MN vs Granada, MN

Granada is moderately more affordable than Elbow Lake, with a 5% lower cost of living index. Elbow Lake scores 62 compared to 59 for Granada, 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 $600/month compared to $591/month in Granada — a 2% difference. Home values follow the same pattern: Granada is more affordable at $88,500 median vs $120,800.

Median household income in Elbow Lake is $30,000 compared to $49,750 in Granada (-39.7%). Granada offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elbow Lake spend roughly 24% of their income on rent, more than the 14.3% in Granada.