Lakeland, MN vs Newport, MN

There is a significant gap in the cost of living between these two cities. Newport is 20% cheaper than Lakeland. With a cost index of 96 vs 116, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newport to Lakeland should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lakeland is $1,644/month compared to $1,080/month in Newport — a 52% difference. Home values follow the same pattern: Newport is more affordable at $331,300 median vs $357,700.

Median household income in Lakeland is $101,339 compared to $63,365 in Newport (+59.9%). While Lakeland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakeland spend roughly 19.5% of their income on rent, less than the 20.5% in Newport.

Climate-wise, both cities share similar average temperatures (46.5°F vs 46.5°F). Newport receives more rainfall at 29.2" per year compared to 29.2" in Lakeland.