Hendricks, MN vs Magnolia, MN

Hendricks, MN and Magnolia, MN have a very similar cost of living, with only a 1% difference in their overall index. Hendricks scores 60 while Magnolia scores 61 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 Hendricks is $666/month compared to $754/month in Magnolia — a 12% difference. Interestingly, home values tell a different story: while Hendricks has cheaper rent, Magnolia actually has lower median home values ($78,000 vs $78,100).

Median household income in Hendricks is $45,125 compared to $47,159 in Magnolia (-4.3%). While Magnolia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hendricks spend roughly 17.7% of their income on rent, less than the 19.2% in Magnolia.

Climate-wise, both cities share similar average temperatures (43°F vs 45.1°F). Magnolia receives more rainfall at 29.6" per year compared to 22.7" in Hendricks.