Lakefield, MN vs Stewart, MN

Stewart is moderately more affordable than Lakefield, with a 6.1% lower cost of living index. Lakefield scores 69 compared to 65 for Stewart, where the US average is 100. This difference means residents of Lakefield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lakefield is $867/month compared to $735/month in Stewart — a 18% difference. Home values follow the same pattern: Stewart is more affordable at $115,900 median vs $115,900.

Median household income in Lakefield is $62,656 compared to $62,692 in Stewart (-0.1%). Stewart offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lakefield spend roughly 16.6% of their income on rent, more than the 14.1% in Stewart.

Climate-wise, both cities share similar average temperatures (44.6°F vs 45.4°F). Lakefield receives more rainfall at 29.3" per year compared to 28" in Stewart.