Federal Dam, MN vs McGregor, MN

There is a significant gap in the cost of living between these two cities. McGregor is 24.7% cheaper than Federal Dam. With a cost index of 64 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from McGregor to Federal Dam should plan for substantially higher expenses across most categories.

On the housing front, median rent in Federal Dam is $1,125/month compared to $678/month in McGregor — a 66% difference. Home values follow the same pattern: McGregor is more affordable at $115,500 median vs $141,700.

Median household income in Federal Dam is $48,750 compared to $28,750 in McGregor (+69.6%). While Federal Dam is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Federal Dam spend roughly 27.7% of their income on rent, less than the 28.3% in McGregor.