Montgomery, MN vs Mound, MN

There is a significant gap in the cost of living between these two cities. Montgomery is 17.6% cheaper than Mound. With a cost index of 82 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montgomery to Mound should plan for substantially higher expenses across most categories.

On the housing front, median rent in Montgomery is $896/month compared to $1,119/month in Mound — a 20% difference. Home values follow the same pattern: Montgomery is more affordable at $218,900 median vs $348,600.

Median household income in Montgomery is $74,018 compared to $91,370 in Mound (-19%). While Mound is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montgomery spend roughly 14.5% of their income on rent, less than the 14.7% in Mound.

Climate-wise, both cities share similar average temperatures (46.7°F vs 46.7°F). Mound receives more rainfall at 30.6" per year compared to 30.6" in Montgomery.