Jackson, MN vs Madison Lake, MN
There is a significant gap in the cost of living between these two cities. Jackson is 18% cheaper than Madison Lake. With a cost index of 65 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Jackson to Madison Lake should plan for substantially higher expenses across most categories.
On the housing front, median rent in Jackson is $702/month compared to $829/month in Madison Lake — a 15% difference. Home values follow the same pattern: Jackson is more affordable at $118,900 median vs $281,300.
Median household income in Jackson is $57,328 compared to $84,833 in Madison Lake (-32.4%). While Madison Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Jackson spend roughly 14.7% of their income on rent, more than the 11.7% in Madison Lake.
Climate-wise, both cities share similar average temperatures (44.6°F vs 46.7°F). Madison Lake receives more rainfall at 30.6" per year compared to 29.3" in Jackson.
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Climate
NOAA 30-year normals (1991-2020)