Pequot Lakes, MN vs Raymond, MN

Pequot Lakes, MN and Raymond, MN have a very similar cost of living, with only a 4.2% difference in their overall index. Pequot Lakes scores 78 while Raymond scores 75 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 Pequot Lakes is $792/month compared to $959/month in Raymond — a 17% difference. Interestingly, home values tell a different story: while Pequot Lakes has cheaper rent, Raymond actually has lower median home values ($146,000 vs $246,400).

Median household income in Pequot Lakes is $66,974 compared to $62,308 in Raymond (+7.5%). While Pequot Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Pequot Lakes spend roughly 14.2% of their income on rent, less than the 18.5% in Raymond.

Climate-wise, Raymond is notably warmer with an average of 45.4°F compared to 42.2°F in Pequot Lakes. Raymond receives more rainfall at 28" per year compared to 24.5" in Pequot Lakes.