Coleraine, MN vs Redwood Falls, MN

Redwood Falls is moderately more affordable than Coleraine, with a 6.2% lower cost of living index. Coleraine scores 76 compared to 72 for Redwood Falls, where the US average is 100. This difference means residents of Coleraine can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Coleraine is $923/month compared to $824/month in Redwood Falls — a 12% difference. Home values follow the same pattern: Redwood Falls is more affordable at $162,000 median vs $179,900.

Median household income in Coleraine is $67,083 compared to $61,947 in Redwood Falls (+8.3%). While Coleraine 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 16% in Redwood Falls.