Ely, MN vs Little Falls, MN

Ely is moderately more affordable than Little Falls, with a 14.4% lower cost of living index. Ely scores 62 compared to 72 for Little Falls, where the US average is 100. This difference means residents of Little Falls can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ely is $627/month compared to $740/month in Little Falls — a 15% difference. Home values follow the same pattern: Ely is more affordable at $150,800 median vs $198,100.

Median household income in Ely is $46,042 compared to $46,284 in Little Falls (-0.5%). Little Falls does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Ely spend roughly 16.3% of their income on rent, less than the 19.2% in Little Falls.