Mountain Iron, MN vs Gothenburg, NE: Cost of Living

Which city costs less?

Gothenburg, NE has a modeled overall cost index 7.1% lower than Mountain Iron, MN.

Mountain Iron, MN · modeled 2BR rent
$1,130 / month
Gothenburg, NE · modeled 2BR rent
$960 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Mountain Iron, MN and Gothenburg, NE using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
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Estimated savings: $571/month in Gothenburg, NE

$150,000 in your current city has a modeled equivalent of $143,150 in Gothenburg, NE

Regional cost estimates: Mountain Iron, MN uses Saint Paul, MN. Gothenburg, NE uses Lincoln, NE. Available city ZIP rent estimates are shown separately.
Overall Cost
↓ 7.1%
Less expensive
Monthly Impact
$571
Savings
Annual Impact
$6.9K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Mountain Iron, MN

Population:3K
Cost Index:
75.7
100 = national average
Typical Home:$195K

Gothenburg, NE

Population:3K
Cost Index:
70.3
100 = national average
Typical Home:$192K

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Mountain Iron, MN

The North Star State

3K
Population
State Tax
Yes

Located in Minnesota, this city has a population of 3K residents.

Gothenburg, NE

The Cornhusker State

3K
Population
State Tax
Yes

Located in Nebraska, this city has a population of 3K residents.

Cost Breakdown by Category

Estimated monthly spending: Mountain Iron, MN vs Gothenburg, NE

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↓ 16.5%
Mountain Iron, MN
$2,215
Gothenburg, NE
$1,849
Difference
$366
less
Healthcare
↓ 6.7%
Mountain Iron, MN
$811
Gothenburg, NE
$757
Difference
$53.98
less
Groceries
↓ 4.5%
Mountain Iron, MN
$1,104
Gothenburg, NE
$1,054
Difference
$49.86
less
Transportation
↓ 3.4%
Mountain Iron, MN
$1,256
Gothenburg, NE
$1,213
Difference
$43.21
less
Other
↓ 2.2%
Mountain Iron, MN
$1,570
Gothenburg, NE
$1,535
Difference
$34.44
less
All Utilities
↓ 4.3%
Mountain Iron, MN
$545
Gothenburg, NE
$522
Difference
$23.26
less

🏠Rent Comparison

Studio
From$780
To$670
↓ $110
1 Bed
From$900
To$840
↓ $60.00
2 Bed
From$1,130
To$960
↓ $170
3 Bed
From$1,550
To$1,220
↓ $330
Mountain Iron, MNZIP-level data

1BR range: $900–$900/mo

Gothenburg, NEZIP-level data

1BR range: $840–$840/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Mountain Iron, MN
$6,929
Monthly in Gothenburg, NE
$571
Difference

Home Values

Mountain Iron
Gothenburg
$195K
Median Value
$192K
↑ +8.4%
YoY Change
↑ +2.9%
↑ +29%
5-Year Change
↑ +29.8%

Homes in Gothenburg are 2% less expensive than Mountain Iron

Calculate payment - Mountain IronCalculate payment - Gothenburg

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↑ $1.1K
Per year
Monthly Difference
$91.32
More take-home
Effective Rate Diff
0.7%
Rate difference

Mountain Iron, MN

Federal Income Tax
Effective: 18.9%
$25.5K
Minnesota State Tax
Effective: 7.0%
$10.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 31.6%
$47.4K
Take-Home Pay
$8,546/month
$102.6K

Gothenburg, NE

Federal Income Tax
Effective: 18.9%
$25.5K
Nebraska State Tax
Effective: 6.2%
$9.3K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 30.9%
$46.3K
Take-Home Pay
$8,638/month
$103.7K

Additional Tax Information

Mountain Iron, MN Tax Rates

Sales Tax:8.0%
Property Tax:1.1%

Gothenburg, NE Tax Rates

Sales Tax:7.0%
Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Mountain Iron
Gothenburg
36 Good
Air Quality
41 Good
72.4%
Good Air Days
83.7%
95 High
Climate Risk
91 Moderate
🌊🌡🌪
Top Hazards
🌪💨
▲+3.7°F
2050 Outlook
▲+3.3°F
14 days
Heat Days >95°F
38 days
▲+3.7°F
2050 Outlook
▲+3.3°F
14 days
Heat Days >95°F
38 days

Before moving from Mountain Iron, MN to Gothenburg, NE

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Gothenburg, NE for the same bedroom count and included utilities as your home in Mountain Iron, MN. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Mountain Iron to Gothenburg moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Gothenburg, NE by cost, housing, population and region.

Frequently Asked Questions: Mountain Iron, MN vs Gothenburg, NE

How do the cost estimates for Mountain Iron, MN and Gothenburg, NE compare?

Gothenburg, NE has a modeled overall cost index 7.1% lower than Mountain Iron, MN. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Mountain Iron, MN, the model estimates $143,150 in Gothenburg, NE. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Mountain Iron, MN and Gothenburg, NE?

The modeled two-bedroom rents are $1,130/month in Mountain Iron, MN and $960/month in Gothenburg, NE. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Minnesota and Nebraska on TaxTakeHome.com

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