McGregor, MN vs Red Lake Falls, MN

Red Lake Falls is moderately more affordable than McGregor, with a 9.5% lower cost of living index. McGregor scores 64 compared to 58 for Red Lake Falls, where the US average is 100. This difference means residents of McGregor can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in McGregor is $678/month compared to $568/month in Red Lake Falls — a 19% difference. Interestingly, home values tell a different story: while Red Lake Falls has cheaper rent, McGregor actually has lower median home values ($115,500 vs $132,300).

Median household income in McGregor is $28,750 compared to $63,929 in Red Lake Falls (-55%). Red Lake 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 McGregor spend roughly 28.3% of their income on rent, more than the 10.7% in Red Lake Falls.

Climate-wise, McGregor is notably warmer with an average of 41.4°F compared to 37.7°F in Red Lake Falls. McGregor receives more rainfall at 33.3" per year compared to 24.3" in Red Lake Falls.