Ely, MN vs Minnetrista, MN

The cost of living difference between Ely, MN and Minnetrista, MN is dramatic. Ely is 68.1% cheaper than Minnetrista, a gap that translates to thousands of dollars per year in household expenses. Ely has a cost index of 62 while Minnetrista sits at 194, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Ely is $627/month compared to $3,501/month in Minnetrista — a 82% difference. Home values follow the same pattern: Ely is more affordable at $150,800 median vs $624,600.

Median household income in Ely is $46,042 compared to $156,346 in Minnetrista (-70.6%). While Minnetrista is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ely spend roughly 16.3% of their income on rent, less than the 26.9% in Minnetrista.