Eveleth, MN vs Hermantown, MN

The cost of living difference between Eveleth, MN and Hermantown, MN is dramatic. Eveleth is 38.3% cheaper than Hermantown, a gap that translates to thousands of dollars per year in household expenses. Eveleth has a cost index of 63 while Hermantown sits at 103, 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 Eveleth is $839/month compared to $1,375/month in Hermantown — a 39% difference. Home values follow the same pattern: Eveleth is more affordable at $91,800 median vs $374,000.

Median household income in Eveleth is $47,721 compared to $92,026 in Hermantown (-48.1%). While Hermantown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eveleth spend roughly 21.1% of their income on rent, more than the 17.9% in Hermantown.