Eveleth, MN vs Wanamingo, MN

Eveleth is moderately more affordable than Wanamingo, with a 12.3% lower cost of living index. Eveleth scores 63 compared to 72 for Wanamingo, where the US average is 100. This difference means residents of Wanamingo can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Eveleth is $839/month compared to $611/month in Wanamingo — a 37% difference. Interestingly, home values tell a different story: while Wanamingo has cheaper rent, Eveleth actually has lower median home values ($91,800 vs $247,400).

Median household income in Eveleth is $47,721 compared to $85,000 in Wanamingo (-43.9%). While Wanamingo 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 8.6% in Wanamingo.