Faribault, MN vs Little Falls, MN

There is a significant gap in the cost of living between these two cities. Little Falls is 16.7% cheaper than Faribault. With a cost index of 72 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Little Falls to Faribault should plan for substantially higher expenses across most categories.

On the housing front, median rent in Faribault is $1,041/month compared to $740/month in Little Falls — a 41% difference. Home values follow the same pattern: Little Falls is more affordable at $198,100 median vs $233,900.

Median household income in Faribault is $61,662 compared to $46,284 in Little Falls (+33.2%). While Faribault is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Faribault spend roughly 20.3% of their income on rent, more than the 19.2% in Little Falls.