Falcon Heights, MN vs North Mankato, MN

There is a significant gap in the cost of living between these two cities. North Mankato is 29.9% cheaper than Falcon Heights. With a cost index of 79 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from North Mankato 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 $918/month in North Mankato — a 31% difference. Home values follow the same pattern: North Mankato is more affordable at $252,700 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $77,571 in North Mankato (+20.2%). The higher salaries in Falcon Heights partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Falcon Heights spend roughly 15.4% of their income on rent, more than the 14.2% in North Mankato.