Coon Rapids, MN vs Faribault, MN

There is a significant gap in the cost of living between these two cities. Faribault is 22.2% cheaper than Coon Rapids. With a cost index of 84 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Faribault to Coon Rapids should plan for substantially higher expenses across most categories.

On the housing front, median rent in Coon Rapids is $1,418/month compared to $1,041/month in Faribault — a 36% difference. Home values follow the same pattern: Faribault is more affordable at $233,900 median vs $287,200.

Median household income in Coon Rapids is $86,618 compared to $61,662 in Faribault (+40.5%). While Coon Rapids is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Coon Rapids spend roughly 19.6% of their income on rent, less than the 20.3% in Faribault.