Falcon Heights, MN vs Howard Lake, MN

There is a significant gap in the cost of living between these two cities. Howard Lake is 22.1% cheaper than Falcon Heights. With a cost index of 84 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Howard Lake to Falcon Heights should plan for substantially higher expenses across most categories.

On the housing front, median rent in Falcon Heights is $1,200/month compared to $930/month in Howard Lake — a 29% difference. Home values follow the same pattern: Howard Lake is more affordable at $239,100 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $99,464 in Howard Lake (-6.3%). Howard Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Falcon Heights spend roughly 15.4% of their income on rent, more than the 11.2% in Howard Lake.