Jasper, MN vs Peterson, MN

Jasper, MN and Peterson, MN have a very similar cost of living, with only a 0.8% difference in their overall index. Jasper scores 59 while Peterson scores 58 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 Jasper is $695/month compared to $538/month in Peterson — a 29% difference. Interestingly, home values tell a different story: while Peterson has cheaper rent, Jasper actually has lower median home values ($72,700 vs $112,500).

Median household income in Jasper is $47,188 compared to $66,250 in Peterson (-28.8%). Peterson offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Jasper spend roughly 17.7% of their income on rent, more than the 9.7% in Peterson.

Climate-wise, Peterson is notably warmer with an average of 48.8°F compared to 45.1°F in Jasper. Peterson receives more rainfall at 35.2" per year compared to 29.6" in Jasper.