Eveleth, MN vs Mound, MN

The cost of living difference between Eveleth, MN and Mound, MN is dramatic. Eveleth is 35.9% cheaper than Mound, a gap that translates to thousands of dollars per year in household expenses. Eveleth has a cost index of 63 while Mound sits at 99, 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 $1,119/month in Mound — a 25% difference. Home values follow the same pattern: Eveleth is more affordable at $91,800 median vs $348,600.

Median household income in Eveleth is $47,721 compared to $91,370 in Mound (-47.8%). While Mound 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 14.7% in Mound.