Montgomery, MN vs Shafer, MN

Montgomery, MN and Shafer, MN have a very similar cost of living, with only a 2.8% difference in their overall index. Montgomery scores 82 while Shafer scores 84 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Montgomery is $896/month compared to $954/month in Shafer — a 6% difference. Home values follow the same pattern: Montgomery is more affordable at $218,900 median vs $225,700.

Median household income in Montgomery is $74,018 compared to $96,042 in Shafer (-22.9%). While Shafer 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, more than the 11.9% in Shafer.

Climate-wise, Montgomery is notably warmer with an average of 46.7°F compared to 43.1°F in Shafer. Shafer receives more rainfall at 33.8" per year compared to 30.6" in Montgomery.