Hanley Falls, MN vs Morgan, MN

There is a significant gap in the cost of living between these two cities. Hanley Falls is 18.7% cheaper than Morgan. With a cost index of 59 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hanley Falls to Morgan should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hanley Falls is $628/month compared to $996/month in Morgan — a 37% difference. Home values follow the same pattern: Hanley Falls is more affordable at $76,700 median vs $105,900.

Median household income in Hanley Falls is $57,917 compared to $58,750 in Morgan (-1.4%). Morgan does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Hanley Falls spend roughly 13% of their income on rent, less than the 20.3% in Morgan.

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