Franklin, MN vs Minneota, MN

Franklin, MN and Minneota, MN have a very similar cost of living, with only a 2.6% difference in their overall index. Franklin scores 67 while Minneota scores 66 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 Franklin is $883/month compared to $629/month in Minneota — a 40% difference. Interestingly, home values tell a different story: while Minneota has cheaper rent, Franklin actually has lower median home values ($84,800 vs $158,100).

Median household income in Franklin is $54,904 compared to $72,396 in Minneota (-24.2%). Minneota offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Franklin spend roughly 19.3% of their income on rent, more than the 10.4% in Minneota.

Climate-wise, both cities share similar average temperatures (45.4°F vs 45.4°F). Minneota receives more rainfall at 28" per year compared to 28" in Franklin.