Falcon Heights, MN vs Waterville, MN

There is a significant gap in the cost of living between these two cities. Waterville is 29.4% cheaper than Falcon Heights. With a cost index of 80 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waterville 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 $835/month in Waterville — a 44% difference. Home values follow the same pattern: Waterville is more affordable at $216,700 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $67,721 in Waterville (+37.7%). 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, more than the 14.8% in Waterville.