Morgan, MN vs Paynesville, MN

Paynesville is moderately more affordable than Morgan, with a 5% lower cost of living index. Morgan scores 73 compared to 69 for Paynesville, where the US average is 100. This difference means residents of Morgan can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Morgan is $996/month compared to $791/month in Paynesville — a 26% difference. Interestingly, home values tell a different story: while Paynesville has cheaper rent, Morgan actually has lower median home values ($105,900 vs $168,800).

Median household income in Morgan is $58,750 compared to $72,105 in Paynesville (-18.5%). Paynesville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Morgan spend roughly 20.3% of their income on rent, more than the 13.2% in Paynesville.

Climate-wise, both cities share similar average temperatures (45.4°F vs 42.9°F). Paynesville receives more rainfall at 28.5" per year compared to 28" in Morgan.