Farmington, MN vs St. Louis Park, MN

Farmington is moderately more affordable than St. Louis Park, with a 10.2% lower cost of living index. Farmington scores 103 compared to 115 for St. Louis Park, where the US average is 100. This difference means residents of St. Louis Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farmington is $1,275/month compared to $1,589/month in St. Louis Park — a 20% difference. Home values follow the same pattern: Farmington is more affordable at $345,100 median vs $371,600.

Median household income in Farmington is $118,556 compared to $100,250 in St. Louis Park (+18.3%). Farmington offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farmington spend roughly 12.9% of their income on rent, less than the 19% in St. Louis Park.