Clearwater, MN vs Falcon Heights, MN

There is a significant gap in the cost of living between these two cities. Clearwater is 18.3% cheaper than Falcon Heights. With a cost index of 84 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clearwater to Falcon Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clearwater is $1,074/month compared to $1,200/month in Falcon Heights — a 11% difference. Home values follow the same pattern: Clearwater is more affordable at $248,100 median vs $366,800.

Median household income in Clearwater is $89,219 compared to $93,233 in Falcon Heights (-4.3%). Falcon Heights does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Clearwater spend roughly 14.4% of their income on rent, less than the 15.4% in Falcon Heights.