Farmington, MN vs Waite Park, MN

There is a significant gap in the cost of living between these two cities. Waite Park is 26.9% cheaper than Farmington. With a cost index of 82 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waite Park to Farmington should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farmington is $1,275/month compared to $1,072/month in Waite Park — a 19% difference. Home values follow the same pattern: Waite Park is more affordable at $217,000 median vs $345,100.

Median household income in Farmington is $118,556 compared to $56,884 in Waite Park (+108.4%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 12.9% of their income on rent, less than the 22.6% in Waite Park.