Falcon Heights, MN vs Monticello, MN

Falcon Heights, MN and Monticello, MN have a very similar cost of living, with only a 2.2% difference in their overall index. Falcon Heights scores 103 while Monticello scores 105 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Falcon Heights is $1,200/month compared to $1,462/month in Monticello — a 18% difference. Interestingly, home values tell a different story: while Falcon Heights has cheaper rent, Monticello actually has lower median home values ($298,400 vs $366,800).

Median household income in Falcon Heights is $93,233 compared to $81,563 in Monticello (+14.3%). Falcon Heights 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, less than the 21.5% in Monticello.