Austin, MN vs Little Falls, MN

Austin, MN and Little Falls, MN have a very similar cost of living, with only a 0.2% difference in their overall index. Austin scores 72 while Little Falls scores 72 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 Austin is $860/month compared to $740/month in Little Falls — a 16% difference. Interestingly, home values tell a different story: while Little Falls has cheaper rent, Austin actually has lower median home values ($155,100 vs $198,100).

Median household income in Austin is $66,488 compared to $46,284 in Little Falls (+43.7%). While Austin is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Austin spend roughly 15.5% of their income on rent, less than the 19.2% in Little Falls.