New Richland, MN vs Proctor, MN

There is a significant gap in the cost of living between these two cities. New Richland is 23.8% cheaper than Proctor. With a cost index of 61 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Richland to Proctor should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Richland is $544/month compared to $1,040/month in Proctor — a 48% difference. Home values follow the same pattern: New Richland is more affordable at $133,000 median vs $219,500.

Median household income in New Richland is $62,841 compared to $80,913 in Proctor (-22.3%). The higher salaries in Proctor partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New Richland spend roughly 10.4% of their income on rent, less than the 15.4% in Proctor.

Climate-wise, New Richland is notably warmer with an average of 44.8°F compared to 40.6°F in Proctor. New Richland receives more rainfall at 34.7" per year compared to 31.2" in Proctor.