Cannon Falls, MN vs Red Lake, MN

The cost of living difference between Cannon Falls, MN and Red Lake, MN is dramatic. Red Lake is 52.2% cheaper than Cannon Falls, a gap that translates to thousands of dollars per year in household expenses. Cannon Falls has a cost index of 88 while Red Lake sits at 58, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cannon Falls is $983/month compared to $426/month in Red Lake — a 131% difference. Home values follow the same pattern: Red Lake is more affordable at $136,000 median vs $262,100.

Median household income in Cannon Falls is $80,515 compared to $55,092 in Red Lake (+46.1%). The higher salaries in Cannon Falls partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Cannon Falls spend roughly 14.7% of their income on rent, more than the 9.3% in Red Lake.