Glencoe, MN vs Pequot Lakes, MN

Glencoe, MN and Pequot Lakes, MN have a very similar cost of living, with only a 0.7% difference in their overall index. Glencoe scores 78 while Pequot Lakes 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 Glencoe is $901/month compared to $792/month in Pequot Lakes — a 14% difference. Interestingly, home values tell a different story: while Pequot Lakes has cheaper rent, Glencoe actually has lower median home values ($213,100 vs $246,400).

Median household income in Glencoe is $63,967 compared to $66,974 in Pequot Lakes (-4.5%). Pequot Lakes offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Glencoe spend roughly 16.9% of their income on rent, more than the 14.2% in Pequot Lakes.

Climate-wise, Glencoe is notably warmer with an average of 46.7°F compared to 42.2°F in Pequot Lakes. Glencoe receives more rainfall at 30.6" per year compared to 24.5" in Pequot Lakes.