Coleraine, MN vs Falcon Heights, MN

There is a significant gap in the cost of living between these two cities. Coleraine is 25.9% cheaper than Falcon Heights. With a cost index of 76 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Coleraine to Falcon Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Coleraine is $923/month compared to $1,200/month in Falcon Heights — a 23% difference. Home values follow the same pattern: Coleraine is more affordable at $179,900 median vs $366,800.

Median household income in Coleraine is $67,083 compared to $93,233 in Falcon Heights (-28%). While Falcon Heights is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Coleraine spend roughly 16.5% of their income on rent, more than the 15.4% in Falcon Heights.