Fergus Falls, MN vs Richfield, MN

There is a significant gap in the cost of living between these two cities. Fergus Falls is 29% cheaper than Richfield. With a cost index of 73 vs 103, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fergus Falls to Richfield should plan for substantially higher expenses across most categories.

On the housing front, median rent in Fergus Falls is $839/month compared to $1,334/month in Richfield — a 37% difference. Home values follow the same pattern: Fergus Falls is more affordable at $173,300 median vs $320,400.

Median household income in Fergus Falls is $50,865 compared to $84,055 in Richfield (-39.5%). While Richfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fergus Falls spend roughly 19.8% of their income on rent, more than the 19% in Richfield.

Climate-wise, Richfield is notably warmer with an average of 46.9°F compared to 42.5°F in Fergus Falls. Richfield receives more rainfall at 31.6" per year compared to 24.1" in Fergus Falls.