Federal Dam, MN vs Underwood, MN

Federal Dam, MN and Underwood, MN have a very similar cost of living, with only a 1.4% difference in their overall index. Federal Dam scores 79 while Underwood scores 78 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.

On the housing front, median rent in Federal Dam is $1,125/month compared to $1,016/month in Underwood — a 11% difference. Interestingly, home values tell a different story: while Underwood has cheaper rent, Federal Dam actually has lower median home values ($141,700 vs $168,800).

Median household income in Federal Dam is $48,750 compared to $73,750 in Underwood (-33.9%). Underwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Federal Dam spend roughly 27.7% of their income on rent, more than the 16.5% in Underwood.