Lafayette, MN vs Renville, MN

Lafayette, MN and Renville, MN have a very similar cost of living, with only a 2.2% difference in their overall index. Lafayette scores 64 while Renville scores 63 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 Lafayette is $725/month compared to $671/month in Renville — a 8% difference. Home values follow the same pattern: Renville is more affordable at $109,700 median vs $142,700.

Median household income in Lafayette is $95,500 compared to $73,750 in Renville (+29.5%). While Lafayette is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lafayette spend roughly 9.1% of their income on rent, less than the 10.9% in Renville.

Climate-wise, both cities share similar average temperatures (45.4°F vs 45.4°F). Renville receives more rainfall at 28" per year compared to 28" in Lafayette.