Fairhaven, MN vs Loretto, MN

Fairhaven, MN and Loretto, MN have a very similar cost of living, with only a 1.6% difference in their overall index. Fairhaven scores 91 while Loretto scores 92 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

When it comes to buying, median home values in Fairhaven are $237,100 compared to $350,600 in Loretto, a 32% gap.

Median household income in Fairhaven is $92,143 compared to $110,833 in Loretto (-16.9%). While Loretto is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.