Mahtomedi, MN vs Mountain Iron, MN

The cost of living difference between Mahtomedi, MN and Mountain Iron, MN is dramatic. Mountain Iron is 69.3% cheaper than Mahtomedi, a gap that translates to thousands of dollars per year in household expenses. Mahtomedi has a cost index of 123 while Mountain Iron sits at 73, 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 Mahtomedi is $1,608/month compared to $911/month in Mountain Iron — a 77% difference. Home values follow the same pattern: Mountain Iron is more affordable at $180,700 median vs $466,100.

Median household income in Mahtomedi is $132,326 compared to $81,607 in Mountain Iron (+62.2%). The higher salaries in Mahtomedi partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Mahtomedi spend roughly 14.6% of their income on rent, more than the 13.4% in Mountain Iron.

Climate-wise, Mahtomedi is notably warmer with an average of 46.5°F compared to 36.9°F in Mountain Iron. Mahtomedi receives more rainfall at 29.2" per year compared to 24.8" in Mountain Iron.