Lexington, MN vs Stewartville, MN
There is a significant gap in the cost of living between these two cities. Stewartville is 24.9% cheaper than Lexington. With a cost index of 83 vs 104, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Stewartville to Lexington should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lexington is $1,462/month compared to $975/month in Stewartville — a 50% difference. Home values follow the same pattern: Stewartville is more affordable at $258,000 median vs $282,000.
Median household income in Lexington is $72,955 compared to $65,714 in Stewartville (+11%). Lexington 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 Lexington spend roughly 24% of their income on rent, more than the 17.8% in Stewartville.
Climate-wise, both cities share similar average temperatures (45.8°F vs 44.8°F). Stewartville receives more rainfall at 34.7" per year compared to 30.7" in Lexington.
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