Mounds View, MN vs Newport, MN

Mounds View, MN and Newport, MN have a very similar cost of living, with only a 1.2% difference in their overall index. Mounds View scores 98 while Newport scores 96 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 Mounds View is $1,216/month compared to $1,080/month in Newport — a 13% difference. Interestingly, home values tell a different story: while Newport has cheaper rent, Mounds View actually has lower median home values ($294,500 vs $331,300).

Median household income in Mounds View is $90,148 compared to $63,365 in Newport (+42.3%). While Mounds View is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mounds View spend roughly 16.2% of their income on rent, less than the 20.5% in Newport.

Climate-wise, both cities share similar average temperatures (45.8°F vs 46.5°F). Mounds View receives more rainfall at 30.7" per year compared to 29.2" in Newport.