Eveleth, MN vs Spicer, MN

There is a significant gap in the cost of living between these two cities. Eveleth is 22.1% cheaper than Spicer. With a cost index of 63 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Eveleth to Spicer should plan for substantially higher expenses across most categories.

On the housing front, median rent in Eveleth is $839/month compared to $825/month in Spicer — a 2% difference. Interestingly, home values tell a different story: while Spicer has cheaper rent, Eveleth actually has lower median home values ($91,800 vs $278,500).

Median household income in Eveleth is $47,721 compared to $76,406 in Spicer (-37.5%). While Spicer 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 13% in Spicer.