Excelsior, MN vs Loretto, MN

The cost of living difference between Excelsior, MN and Loretto, MN is dramatic. Loretto is 51.3% cheaper than Excelsior, a gap that translates to thousands of dollars per year in household expenses. Excelsior has a cost index of 139 while Loretto sits at 92, 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 Excelsior is $1,125/month compared to $888/month in Loretto — a 27% difference. Home values follow the same pattern: Loretto is more affordable at $350,600 median vs $839,500.

Median household income in Excelsior is $108,611 compared to $110,833 in Loretto (-2%). Loretto offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Excelsior spend roughly 12.4% of their income on rent, more than the 9.6% in Loretto.