Hendrum, MN vs Holloway, MN
There is a significant gap in the cost of living between these two cities. Holloway is 24.2% cheaper than Hendrum. With a cost index of 56 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Holloway to Hendrum should plan for substantially higher expenses across most categories.
On the housing front, median rent in Hendrum is $850/month compared to $581/month in Holloway — a 46% difference. Home values follow the same pattern: Holloway is more affordable at $63,800 median vs $131,300.
Median household income in Hendrum is $53,472 compared to $45,625 in Holloway (+17.2%). The higher salaries in Hendrum partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hendrum spend roughly 19.1% of their income on rent, more than the 15.3% in Holloway.
Climate-wise, both cities share similar average temperatures (42.2°F vs 42.5°F). Holloway receives more rainfall at 24.1" per year compared to 24" in Hendrum.
Income & Cost
Housing
Salary Equivalency Calculator
What does your salary in one city buy you in the other?
Climate
NOAA 30-year normals (1991-2020)