Falcon Heights, MN vs Winsted, MN

The cost of living difference between Falcon Heights, MN and Winsted, MN is dramatic. Winsted is 32.2% 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 Winsted sits at 78, 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 $797/month in Winsted — a 51% difference. Home values follow the same pattern: Winsted is more affordable at $210,200 median vs $366,800.

Median household income in Falcon Heights is $93,233 compared to $70,208 in Winsted (+32.8%). 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 13.6% in Winsted.