Ham Lake, MN vs Inver Grove Heights, MN

Ham Lake, MN and Inver Grove Heights, MN have a very similar cost of living, with only a 2.3% difference in their overall index. Ham Lake scores 112 while Inver Grove Heights scores 109 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 Ham Lake is $1,319/month compared to $1,447/month in Inver Grove Heights — a 9% difference. Interestingly, home values tell a different story: while Ham Lake has cheaper rent, Inver Grove Heights actually has lower median home values ($352,300 vs $430,100).

Median household income in Ham Lake is $116,845 compared to $104,055 in Inver Grove Heights (+12.3%). While Ham Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ham Lake spend roughly 13.5% of their income on rent, less than the 16.7% in Inver Grove Heights.

Climate-wise, both cities share similar average temperatures (45.8°F vs 46.5°F). Ham Lake receives more rainfall at 30.7" per year compared to 29.2" in Inver Grove Heights.