Hancock, MN vs Madelia, MN

Hancock is moderately more affordable than Madelia, with a 7.7% lower cost of living index. Hancock scores 63 compared to 68 for Madelia, where the US average is 100. This difference means residents of Madelia can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hancock is $738/month compared to $795/month in Madelia — a 7% difference. Home values follow the same pattern: Hancock is more affordable at $79,600 median vs $158,300.

Median household income in Hancock is $69,712 compared to $77,500 in Madelia (-10%). While Madelia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hancock spend roughly 12.7% of their income on rent, more than the 12.3% in Madelia.

Climate-wise, both cities share similar average temperatures (42.5°F vs 44.6°F). Madelia receives more rainfall at 29.3" per year compared to 24.1" in Hancock.