Eveleth, MN vs Medford, MN

There is a significant gap in the cost of living between these two cities. Eveleth is 24.6% cheaper than Medford. With a cost index of 63 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Eveleth to Medford should plan for substantially higher expenses across most categories.

On the housing front, median rent in Eveleth is $839/month compared to $1,036/month in Medford — a 19% difference. Home values follow the same pattern: Eveleth is more affordable at $91,800 median vs $234,300.

Median household income in Eveleth is $47,721 compared to $98,375 in Medford (-51.5%). While Medford 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 12.6% in Medford.