Elmore, MN vs New York Mills, MN

Elmore, MN and New York Mills, MN have a very similar cost of living, with only a 3.3% difference in their overall index. Elmore scores 65 while New York Mills scores 67 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 Elmore is $907/month compared to $712/month in New York Mills — a 27% difference. Interestingly, home values tell a different story: while New York Mills has cheaper rent, Elmore actually has lower median home values ($45,800 vs $144,900).

Median household income in Elmore is $40,938 compared to $51,696 in New York Mills (-20.8%). While New York Mills is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmore spend roughly 26.6% of their income on rent, more than the 16.5% in New York Mills.