Elizabeth, MN vs New Auburn, MN

There is a significant gap in the cost of living between these two cities. New Auburn is 15.2% cheaper than Elizabeth. With a cost index of 72 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Auburn to Elizabeth should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elizabeth is $1,333/month compared to $900/month in New Auburn — a 48% difference. Interestingly, home values tell a different story: while New Auburn has cheaper rent, Elizabeth actually has lower median home values ($114,600 vs $140,900).

Median household income in Elizabeth is $62,500 compared to $68,977 in New Auburn (-9.4%). New Auburn offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elizabeth spend roughly 25.6% of their income on rent, more than the 15.7% in New Auburn.