Eveleth, MN vs Taylors Falls, MN

There is a significant gap in the cost of living between these two cities. Eveleth is 27.3% cheaper than Taylors Falls. With a cost index of 63 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Eveleth to Taylors Falls should plan for substantially higher expenses across most categories.

On the housing front, median rent in Eveleth is $839/month compared to $985/month in Taylors Falls — a 15% difference. Home values follow the same pattern: Eveleth is more affordable at $91,800 median vs $256,000.

Median household income in Eveleth is $47,721 compared to $61,548 in Taylors Falls (-22.5%). The higher salaries in Taylors Falls partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Eveleth spend roughly 21.1% of their income on rent, more than the 19.2% in Taylors Falls.