Loretto, MN vs Olivia, MN

The cost of living difference between Loretto, MN and Olivia, MN is dramatic. Olivia is 33.8% cheaper than Loretto, a gap that translates to thousands of dollars per year in household expenses. Loretto has a cost index of 92 while Olivia sits at 69, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Loretto is $888/month compared to $740/month in Olivia — a 20% difference. Home values follow the same pattern: Olivia is more affordable at $156,600 median vs $350,600.

Median household income in Loretto is $110,833 compared to $62,683 in Olivia (+76.8%). While Loretto is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Loretto spend roughly 9.6% of their income on rent, less than the 14.2% in Olivia.

Climate-wise, both cities share similar average temperatures (45.8°F vs 45.4°F). Loretto receives more rainfall at 30.7" per year compared to 28" in Olivia.