Cannon Falls, MN vs Madison, MN

There is a significant gap in the cost of living between these two cities. Madison is 25.3% cheaper than Cannon Falls. With a cost index of 70 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Madison to Cannon Falls should plan for substantially higher expenses across most categories.

On the housing front, median rent in Cannon Falls is $983/month compared to $920/month in Madison — a 7% difference. Home values follow the same pattern: Madison is more affordable at $104,600 median vs $262,100.

Median household income in Cannon Falls is $80,515 compared to $56,435 in Madison (+42.7%). While Cannon Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cannon Falls spend roughly 14.7% of their income on rent, less than the 19.6% in Madison.