Falcon Heights, MN vs Fergus Falls, MN

The cost of living difference between Falcon Heights, MN and Fergus Falls, MN is dramatic. Fergus Falls is 40.6% cheaper than Falcon Heights, a gap that translates to thousands of dollars per year in household expenses. Falcon Heights has a cost index of 103 while Fergus Falls sits at 73, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Falcon Heights is $1,200/month compared to $839/month in Fergus Falls — a 43% difference. Home values follow the same pattern: Fergus Falls is more affordable at $173,300 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $50,865 in Fergus Falls (+83.3%). While Falcon Heights is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Falcon Heights spend roughly 15.4% of their income on rent, less than the 19.8% in Fergus Falls.