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Nicollet, MN vs Russell, MN

74
Nicollet
Minnesota
VS
+17.7%
63
Russell
Minnesota

There is a significant gap in the cost of living between these two cities. Russell is 17.7% cheaper than Nicollet. With a cost index of 63 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Russell to Nicollet should plan for substantially higher expenses across most categories.

On the housing front, median rent in Nicollet is $862/month compared to $700/month in Russell — a 23% difference. Home values follow the same pattern: Russell is more affordable at $101,700 median vs $214,100.

Median household income in Nicollet is $80,500 compared to $62,143 in Russell (+29.5%). While Nicollet is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Nicollet spend roughly 12.8% of their income on rent, less than the 13.5% in Russell.

Climate-wise, both cities share similar average temperatures (45.4°F vs 45.4°F). Russell receives more rainfall at 28" per year compared to 28" in Nicollet.

Income & Cost

Cost of Living Index
Nicollet
74
Russell
63
15% cheaper
Median Household Income
Nicollet
$80,500
23% higher
Russell
$62,143

Housing

Median Rent
Nicollet
$862
Russell
$700
19% cheaper
Median Home Value
Nicollet
$214,100
Russell
$101,700
52% cheaper
Population
Nicollet
966
Russell
323

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Nicollet $2.97
Russell
US $3.07
🥚
Eggs (grade A, large)
Nicollet $2.43
Russell
US $2.50
🥛
Milk (whole)
Nicollet $3.91
Russell
US $4.03
🍞
Bread (white)
Nicollet $1.79
Russell
US $1.85
🍗
Chicken breast
Nicollet $4.02
Russell
US $4.14
Electricity
Nicollet $0.17
Russell
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Nicollet 45.4°F
Russell 45.4°F
Summer High
Nicollet 84°F
Russell 84°F
Winter Low
Nicollet 6°F
Russell 6°F
Rainfall
Nicollet 28"
Russell 28"
Rainy Days
Nicollet 96d
Russell 96d