Fairhaven, MN vs Iron Junction, MN

Iron Junction is moderately more affordable than Fairhaven, with a 12% lower cost of living index. Fairhaven scores 91 compared to 81 for Iron Junction, where the US average is 100. This difference means residents of Fairhaven can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Fairhaven are $237,100 compared to $127,500 in Iron Junction, a 86% gap.

Median household income in Fairhaven is $92,143 compared to $38,333 in Iron Junction (+140.4%). While Fairhaven is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.