Mound, MN vs Owatonna, MN

There is a significant gap in the cost of living between these two cities. Owatonna is 18.6% cheaper than Mound. With a cost index of 83 vs 99, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Owatonna to Mound should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mound is $1,119/month compared to $1,010/month in Owatonna — a 11% difference. Home values follow the same pattern: Owatonna is more affordable at $234,600 median vs $348,600.

Median household income in Mound is $91,370 compared to $81,276 in Owatonna (+12.4%). The higher salaries in Mound partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Mound spend roughly 14.7% of their income on rent, less than the 14.9% in Owatonna.

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