Fergus Falls, MN vs Redwood Falls, MN

Fergus Falls, MN and Redwood Falls, MN have a very similar cost of living, with only a 1.9% difference in their overall index. Fergus Falls scores 73 while Redwood Falls scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Fergus Falls is $839/month compared to $824/month in Redwood Falls — a 2% difference. Home values follow the same pattern: Redwood Falls is more affordable at $162,000 median vs $173,300.

Median household income in Fergus Falls is $50,865 compared to $61,947 in Redwood Falls (-17.9%). Redwood Falls offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fergus Falls spend roughly 19.8% of their income on rent, more than the 16% in Redwood Falls.

Climate-wise, both cities share similar average temperatures (42.5°F vs 45.4°F). Redwood Falls receives more rainfall at 28" per year compared to 24.1" in Fergus Falls.