Lake Benton, MN vs Wilmont, MN

There is a significant gap in the cost of living between these two cities. Lake Benton is 19.3% cheaper than Wilmont. With a cost index of 58 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake Benton to Wilmont should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake Benton is $550/month compared to $842/month in Wilmont — a 35% difference. Home values follow the same pattern: Lake Benton is more affordable at $91,900 median vs $152,500.

Median household income in Lake Benton is $52,000 compared to $55,000 in Wilmont (-5.5%). Wilmont does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lake Benton spend roughly 12.7% of their income on rent, less than the 18.4% in Wilmont.

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