Cannon Falls, MN vs St. Peter, MN

St. Peter is moderately more affordable than Cannon Falls, with a 11.4% lower cost of living index. Cannon Falls scores 88 compared to 79 for St. Peter, where the US average is 100. This difference means residents of Cannon Falls can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cannon Falls is $983/month compared to $943/month in St. Peter — a 4% difference. Home values follow the same pattern: St. Peter is more affordable at $238,700 median vs $262,100.

Median household income in Cannon Falls is $80,515 compared to $65,042 in St. Peter (+23.8%). 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 17.4% in St. Peter.