Fairhaven, MN vs Stanchfield, MN

Fairhaven, MN and Stanchfield, MN have a very similar cost of living, with only a 1.9% difference in their overall index. Fairhaven scores 91 while Stanchfield 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 $195,000 in Stanchfield, a 22% gap.

Median household income in Fairhaven is $92,143 compared to $90,625 in Stanchfield (+1.7%). Fairhaven offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.