Franklin, MN vs Red Lake, MN

There is a significant gap in the cost of living between these two cities. Red Lake is 16.7% cheaper than Franklin. With a cost index of 58 vs 67, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Red Lake to Franklin should plan for substantially higher expenses across most categories.

On the housing front, median rent in Franklin is $883/month compared to $426/month in Red Lake — a 107% difference. Interestingly, home values tell a different story: while Red Lake has cheaper rent, Franklin actually has lower median home values ($84,800 vs $136,000).

Median household income in Franklin is $54,904 compared to $55,092 in Red Lake (-0.3%). Red Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Franklin spend roughly 19.3% of their income on rent, more than the 9.3% in Red Lake.

Climate-wise, Franklin is notably warmer with an average of 45.4°F compared to 37.7°F in Red Lake. Franklin receives more rainfall at 28" per year compared to 24.3" in Red Lake.