Hermantown, MN vs Two Harbors, MN

The cost of living difference between Hermantown, MN and Two Harbors, MN is dramatic. Two Harbors is 41.9% cheaper than Hermantown, a gap that translates to thousands of dollars per year in household expenses. Hermantown has a cost index of 103 while Two Harbors sits at 73, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Hermantown is $1,375/month compared to $879/month in Two Harbors — a 56% difference. Home values follow the same pattern: Two Harbors is more affordable at $187,100 median vs $374,000.

Median household income in Hermantown is $92,026 compared to $62,885 in Two Harbors (+46.3%). While Hermantown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hermantown spend roughly 17.9% of their income on rent, more than the 16.8% in Two Harbors.

Climate-wise, both cities share similar average temperatures (40.6°F vs 40.6°F). Two Harbors receives more rainfall at 31.2" per year compared to 31.2" in Hermantown.