New Auburn, MN vs Richmond, MN

Richmond is moderately more affordable than New Auburn, with a 7.4% lower cost of living index. New Auburn scores 72 compared to 67 for Richmond, where the US average is 100. This difference means residents of New Auburn can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Auburn is $900/month compared to $584/month in Richmond — a 54% difference. Interestingly, home values tell a different story: while Richmond has cheaper rent, New Auburn actually has lower median home values ($140,900 vs $225,500).

Median household income in New Auburn is $68,977 compared to $67,381 in Richmond (+2.4%). New Auburn does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of New Auburn spend roughly 15.7% of their income on rent, more than the 10.4% in Richmond.

Climate-wise, New Auburn is notably warmer with an average of 46.7°F compared to 42.9°F in Richmond. New Auburn receives more rainfall at 30.6" per year compared to 28.5" in Richmond.