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Richmond, MN vs Verndale, MN

67
Richmond
Minnesota
VS
+8.3%
62
Verndale
Minnesota

Verndale is moderately more affordable than Richmond, with a 8.3% lower cost of living index. Richmond scores 67 compared to 62 for Verndale, where the US average is 100. This difference means residents of Richmond can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Richmond is $584/month compared to $661/month in Verndale — a 12% difference. Interestingly, home values tell a different story: while Richmond has cheaper rent, Verndale actually has lower median home values ($105,500 vs $225,500).

Median household income in Richmond is $67,381 compared to $44,083 in Verndale (+52.9%). While Richmond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Richmond spend roughly 10.4% of their income on rent, less than the 18% in Verndale.

Climate-wise, both cities share similar average temperatures (42.9°F vs 40.4°F). Richmond receives more rainfall at 28.5" per year compared to 23.9" in Verndale.

Income & Cost

Cost of Living Index
Richmond
67
Verndale
62
8% cheaper
Median Household Income
Richmond
$67,381
35% higher
Verndale
$44,083

Housing

Median Rent
Richmond
$584
12% cheaper
Verndale
$661
Median Home Value
Richmond
$225,500
Verndale
$105,500
53% cheaper
Population
Richmond
1,336
Verndale
479

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

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

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Richmond 42.9°F
Verndale 40.4°F
Summer High
Richmond 82°F
Verndale 80°F
Winter Low
Richmond 3°F
Verndale -3°F
Rainfall
Richmond 28.5"
Verndale 23.9"
Rainy Days
Richmond 111d
Verndale 103d