Felton, MN vs Ranier, MN
Felton is moderately more affordable than Ranier, with a 10.5% lower cost of living index. Felton scores 61 compared to 68 for Ranier, where the US average is 100. This difference means residents of Ranier can expect to pay noticeably more for everyday expenses, housing, and services.
On the housing front, median rent in Felton is $604/month compared to $870/month in Ranier — a 31% difference. Interestingly, home values tell a different story: while Felton has cheaper rent, Ranier actually has lower median home values ($140,400 vs $142,600).
Median household income in Felton is $48,750 compared to $81,389 in Ranier (-40.1%). While Ranier is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Felton spend roughly 14.9% of their income on rent, more than the 12.8% in Ranier.
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