Faribault, MN vs Oak Grove, MN

The cost of living difference between Faribault, MN and Oak Grove, MN is dramatic. Faribault is 35.6% cheaper than Oak Grove, a gap that translates to thousands of dollars per year in household expenses. Faribault has a cost index of 84 while Oak Grove sits at 131, 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 Faribault is $1,041/month compared to $2,052/month in Oak Grove — a 49% difference. Home values follow the same pattern: Faribault is more affordable at $233,900 median vs $394,100.

Median household income in Faribault is $61,662 compared to $114,679 in Oak Grove (-46.2%). While Oak Grove 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, less than the 21.5% in Oak Grove.