Elmore, MN vs Red Lake Falls, MN

Red Lake Falls is moderately more affordable than Elmore, with a 11.6% lower cost of living index. Elmore scores 65 compared to 58 for Red Lake Falls, where the US average is 100. This difference means residents of Elmore can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmore is $907/month compared to $568/month in Red Lake Falls — a 60% difference. Interestingly, home values tell a different story: while Red Lake Falls has cheaper rent, Elmore actually has lower median home values ($45,800 vs $132,300).

Median household income in Elmore is $40,938 compared to $63,929 in Red Lake Falls (-36%). Red Lake Falls offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elmore spend roughly 26.6% of their income on rent, more than the 10.7% in Red Lake Falls.