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Midway, MN vs Wolf Lake, MN

82
Midway
Minnesota
VS
+14.6%
71
Wolf Lake
Minnesota

Wolf Lake is moderately more affordable than Midway, with a 14.6% lower cost of living index. Midway scores 82 compared to 71 for Wolf Lake, where the US average is 100. This difference means residents of Midway can expect to pay noticeably more for everyday expenses, housing, and services.

Renters will find that Midway has a median rent of $763/month while Wolf Lake comes in at $873/month, a 13% difference.

Median household income in Midway is $40,000 compared to $66,250 in Wolf Lake (-39.6%). Wolf Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Midway spend roughly 22.9% of their income on rent, more than the 15.8% in Wolf Lake.

Climate-wise, both cities share similar average temperatures (40.4°F vs 40.4°F). Wolf Lake receives more rainfall at 23.9" per year compared to 23.9" in Midway.

Income & Cost

Cost of Living Index
Midway
82
Wolf Lake
71
13% cheaper
Median Household Income
Midway
$40,000
Wolf Lake
$66,250
40% higher

Housing

Median Rent
Midway
$763
13% cheaper
Wolf Lake
$873
Median Home Value
Midway
Wolf Lake
$137,500
Population
Midway
35
Wolf Lake
104

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Midway 40.4°F
Wolf Lake 40.4°F
Summer High
Midway 80°F
Wolf Lake 80°F
Winter Low
Midway -3°F
Wolf Lake -3°F
Rainfall
Midway 23.9"
Wolf Lake 23.9"
Rainy Days
Midway 103d
Wolf Lake 103d