Hancock, MN vs Middle River, MN

There is a significant gap in the cost of living between these two cities. Middle River is 21.2% cheaper than Hancock. With a cost index of 52 vs 63, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Middle River to Hancock should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hancock is $738/month compared to $313/month in Middle River — a 136% difference. Interestingly, home values tell a different story: while Middle River has cheaper rent, Hancock actually has lower median home values ($79,600 vs $103,500).

Median household income in Hancock is $69,712 compared to $57,188 in Middle River (+21.9%). While Hancock 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 6.6% in Middle River.

Climate-wise, Hancock is notably warmer with an average of 42.5°F compared to 37.7°F in Middle River. Middle River receives more rainfall at 24.3" per year compared to 24.1" in Hancock.