Park Rapids, MN vs St. Peter, MN

Park Rapids, MN and St. Peter, MN have a very similar cost of living, with only a 0.4% difference in their overall index. Park Rapids scores 79 while St. Peter scores 79 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Park Rapids is $912/month compared to $943/month in St. Peter — a 3% difference. Home values follow the same pattern: Park Rapids is more affordable at $218,500 median vs $238,700.

Median household income in Park Rapids is $45,800 compared to $65,042 in St. Peter (-29.6%). St. Peter offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Park Rapids spend roughly 23.9% of their income on rent, more than the 17.4% in St. Peter.

Climate-wise, St. Peter is notably warmer with an average of 46.7°F compared to 40.4°F in Park Rapids. St. Peter receives more rainfall at 30.6" per year compared to 23.9" in Park Rapids.