Mountain Iron, MN vs Royalton, MN

Royalton is moderately more affordable than Mountain Iron, with a 8.5% lower cost of living index. Mountain Iron scores 73 compared to 67 for Royalton, where the US average is 100. This difference means residents of Mountain Iron can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Mountain Iron is $911/month compared to $642/month in Royalton — a 42% difference. Interestingly, home values tell a different story: while Royalton has cheaper rent, Mountain Iron actually has lower median home values ($180,700 vs $201,500).

Median household income in Mountain Iron is $81,607 compared to $64,643 in Royalton (+26.2%). While Mountain Iron is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mountain Iron spend roughly 13.4% of their income on rent, more than the 11.9% in Royalton.

Climate-wise, Royalton is notably warmer with an average of 42.9°F compared to 36.9°F in Mountain Iron. Royalton receives more rainfall at 28.5" per year compared to 24.8" in Mountain Iron.