Falcon Heights, MN vs New Ulm, MN

The cost of living difference between Falcon Heights, MN and New Ulm, MN is dramatic. New Ulm is 35.5% 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 New Ulm sits at 76, 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 $974/month in New Ulm — a 23% difference. Home values follow the same pattern: New Ulm is more affordable at $192,700 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $63,984 in New Ulm (+45.7%). 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 18.3% in New Ulm.