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Gilman, MN vs The Lakes, MN

77
Gilman
Minnesota
VS
-26.9%
106
The Lakes
Minnesota

There is a significant gap in the cost of living between these two cities. Gilman is 26.9% cheaper than The Lakes. With a cost index of 77 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gilman to The Lakes should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Gilman are $221,100 compared to $391,900 in The Lakes, a 44% gap.

Median household income in Gilman is $68,750 compared to $88,929 in The Lakes (-22.7%). The higher salaries in The Lakes partially offset the cost difference, but don't fully close the gap.

Climate-wise, both cities share similar average temperatures (42.9°F vs 45.4°F). Gilman receives more rainfall at 28.5" per year compared to 28" in The Lakes.

Income & Cost

Cost of Living Index
Gilman
77
27% cheaper
The Lakes
106
Median Household Income
Gilman
$68,750
The Lakes
$88,929
23% higher

Housing

Median Rent
Gilman
$920
The Lakes
Median Home Value
Gilman
$221,100
44% cheaper
The Lakes
$391,900
Population
Gilman
226
The Lakes
666

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Gilman $2.97
The Lakes
US $3.07
🥚
Eggs (grade A, large)
Gilman $2.43
The Lakes
US $2.50
🥛
Milk (whole)
Gilman $3.91
The Lakes
US $4.03
🍞
Bread (white)
Gilman $1.79
The Lakes
US $1.85
🍗
Chicken breast
Gilman $4.02
The Lakes
US $4.14
Electricity
Gilman $0.17
The Lakes
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Gilman 42.9°F
The Lakes 45.4°F
Summer High
Gilman 82°F
The Lakes 84°F
Winter Low
Gilman 3°F
The Lakes 6°F
Rainfall
Gilman 28.5"
The Lakes 28"
Rainy Days
Gilman 111d
The Lakes 96d