Greenwood, MN vs Slayton, MN

The cost of living difference between Greenwood, MN and Slayton, MN is dramatic. Slayton is 162.7% cheaper than Greenwood, a gap that translates to thousands of dollars per year in household expenses. Greenwood has a cost index of 180 while Slayton sits at 69, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Greenwood is $1,917/month compared to $718/month in Slayton — a 167% difference. Home values follow the same pattern: Slayton is more affordable at $160,400 median vs $1,041,700.

Median household income in Greenwood is $199,063 compared to $65,724 in Slayton (+202.9%). While Greenwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Greenwood spend roughly 11.6% of their income on rent, less than the 13.1% in Slayton.

Climate-wise, both cities share similar average temperatures (46.7°F vs 45.1°F). Greenwood receives more rainfall at 30.6" per year compared to 29.6" in Slayton.