Loretto, MN vs Pequot Lakes, MN

There is a significant gap in the cost of living between these two cities. Pequot Lakes is 18.4% cheaper than Loretto. With a cost index of 78 vs 92, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Pequot Lakes to Loretto should plan for substantially higher expenses across most categories.

On the housing front, median rent in Loretto is $888/month compared to $792/month in Pequot Lakes — a 12% difference. Home values follow the same pattern: Pequot Lakes is more affordable at $246,400 median vs $350,600.

Median household income in Loretto is $110,833 compared to $66,974 in Pequot Lakes (+65.5%). 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 Pequot Lakes.

Climate-wise, Loretto is notably warmer with an average of 45.8°F compared to 42.2°F in Pequot Lakes. Loretto receives more rainfall at 30.7" per year compared to 24.5" in Pequot Lakes.