Falcon Heights, MN vs Rice, MN

Rice is moderately more affordable than Falcon Heights, with a 6% lower cost of living index. Falcon Heights scores 103 compared to 97 for Rice, where the US average is 100. This difference means residents of Falcon Heights can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Falcon Heights is $1,200/month compared to $1,529/month in Rice — a 22% difference. Interestingly, home values tell a different story: while Falcon Heights has cheaper rent, Rice actually has lower median home values ($237,600 vs $366,800).

Median household income in Falcon Heights is $93,233 compared to $103,482 in Rice (-9.9%). Rice 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 17.7% in Rice.