Elizabeth, MN vs Vermillion, MN

Elizabeth is moderately more affordable than Vermillion, with a 9.2% lower cost of living index. Elizabeth scores 83 compared to 92 for Vermillion, where the US average is 100. This difference means residents of Vermillion can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elizabeth is $1,333/month compared to $1,021/month in Vermillion — a 31% difference. Interestingly, home values tell a different story: while Vermillion has cheaper rent, Elizabeth actually has lower median home values ($114,600 vs $298,000).

Median household income in Elizabeth is $62,500 compared to $93,214 in Vermillion (-32.9%). While Vermillion is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elizabeth spend roughly 25.6% of their income on rent, more than the 13.1% in Vermillion.