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Milan, MN vs Renville, MN

73
Milan
Minnesota
VS
+15.6%
63
Renville
Minnesota

There is a significant gap in the cost of living between these two cities. Renville is 15.6% cheaper than Milan. With a cost index of 63 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Renville to Milan should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milan is $1,102/month compared to $671/month in Renville — a 64% difference. Interestingly, home values tell a different story: while Renville has cheaper rent, Milan actually has lower median home values ($70,000 vs $109,700).

Median household income in Milan is $50,625 compared to $73,750 in Renville (-31.4%). Renville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Milan spend roughly 26.1% of their income on rent, more than the 10.9% in Renville.

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

Income & Cost

Cost of Living Index
Milan
73
Renville
63
13% cheaper
Median Household Income
Milan
$50,625
Renville
$73,750
31% higher

Housing

Median Rent
Milan
$1,102
Renville
$671
39% cheaper
Median Home Value
Milan
$70,000
36% cheaper
Renville
$109,700
Population
Milan
498
Renville
1,397

Salary Equivalency Calculator

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Milan 45.4°F
Renville 45.4°F
Summer High
Milan 84°F
Renville 84°F
Winter Low
Milan 6°F
Renville 6°F
Rainfall
Milan 28"
Renville 28"
Rainy Days
Milan 96d
Renville 96d