Falcon Heights, MN vs Waverly, MN

There is a significant gap in the cost of living between these two cities. Waverly is 17.6% cheaper than Falcon Heights. With a cost index of 88 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waverly 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 $913/month in Waverly — a 31% difference. Home values follow the same pattern: Waverly is more affordable at $284,600 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $113,269 in Waverly (-17.7%). Waverly 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, more than the 9.7% in Waverly.