Alexandria, MN vs Redwood Falls, MN

Redwood Falls is moderately more affordable than Alexandria, with a 13.2% lower cost of living index. Alexandria scores 81 compared to 72 for Redwood Falls, where the US average is 100. This difference means residents of Alexandria can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alexandria is $907/month compared to $824/month in Redwood Falls — a 10% difference. Home values follow the same pattern: Redwood Falls is more affordable at $162,000 median vs $247,200.

Median household income in Alexandria is $61,558 compared to $61,947 in Redwood Falls (-0.6%). Redwood Falls offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexandria spend roughly 17.7% of their income on rent, more than the 16% in Redwood Falls.