Lake Benton, MN vs Slayton, MN

There is a significant gap in the cost of living between these two cities. Lake Benton is 15.6% cheaper than Slayton. With a cost index of 58 vs 69, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake Benton to Slayton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake Benton is $550/month compared to $718/month in Slayton — a 23% difference. Home values follow the same pattern: Lake Benton is more affordable at $91,900 median vs $160,400.

Median household income in Lake Benton is $52,000 compared to $65,724 in Slayton (-20.9%). While Slayton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lake Benton spend roughly 12.7% of their income on rent, less than the 13.1% in Slayton.

Climate-wise, both cities share similar average temperatures (45.1°F vs 45.1°F). Slayton receives more rainfall at 29.6" per year compared to 29.6" in Lake Benton.