Lakefield, MN vs Windom, MN

Lakefield, MN and Windom, MN have a very similar cost of living, with only a 0.9% difference in their overall index. Lakefield scores 69 while Windom scores 70 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 Lakefield is $867/month compared to $773/month in Windom — a 12% difference. Interestingly, home values tell a different story: while Windom has cheaper rent, Lakefield actually has lower median home values ($115,900 vs $158,000).

Median household income in Lakefield is $62,656 compared to $67,813 in Windom (-7.6%). While Windom is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakefield spend roughly 16.6% of their income on rent, more than the 13.7% in Windom.

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