Coon Rapids, MN vs Farmington, MN

Coon Rapids, MN and Farmington, MN have a very similar cost of living, with only a 0.4% difference in their overall index. Coon Rapids scores 103 while Farmington scores 103 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Coon Rapids is $1,418/month compared to $1,275/month in Farmington — a 11% difference. Interestingly, home values tell a different story: while Farmington has cheaper rent, Coon Rapids actually has lower median home values ($287,200 vs $345,100).

Median household income in Coon Rapids is $86,618 compared to $118,556 in Farmington (-26.9%). While Farmington 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, more than the 12.9% in Farmington.