Mountain Iron, MN vs Wyoming, MN

There is a significant gap in the cost of living between these two cities. Mountain Iron is 25.1% cheaper than Wyoming. With a cost index of 73 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mountain Iron to Wyoming should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mountain Iron is $911/month compared to $1,117/month in Wyoming — a 18% difference. Home values follow the same pattern: Mountain Iron is more affordable at $180,700 median vs $328,900.

Median household income in Mountain Iron is $81,607 compared to $101,938 in Wyoming (-19.9%). The higher salaries in Wyoming partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Mountain Iron spend roughly 13.4% of their income on rent, more than the 13.1% in Wyoming.

Climate-wise, Wyoming is notably warmer with an average of 45.8°F compared to 36.9°F in Mountain Iron. Wyoming receives more rainfall at 30.7" per year compared to 24.8" in Mountain Iron.