Montgomery, MN vs Wanamingo, MN

Wanamingo is moderately more affordable than Montgomery, with a 12.7% lower cost of living index. Montgomery scores 82 compared to 72 for Wanamingo, where the US average is 100. This difference means residents of Montgomery can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Montgomery is $896/month compared to $611/month in Wanamingo — a 47% difference. Interestingly, home values tell a different story: while Wanamingo has cheaper rent, Montgomery actually has lower median home values ($218,900 vs $247,400).

Median household income in Montgomery is $74,018 compared to $85,000 in Wanamingo (-12.9%). Wanamingo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Montgomery spend roughly 14.5% of their income on rent, more than the 8.6% in Wanamingo.

Climate-wise, both cities share similar average temperatures (46.7°F vs 44.8°F). Wanamingo receives more rainfall at 34.7" per year compared to 30.6" in Montgomery.