New Ulm, MN vs Redwood Falls, MN

Redwood Falls is moderately more affordable than New Ulm, with a 5.8% lower cost of living index. New Ulm scores 76 compared to 72 for Redwood Falls, where the US average is 100. This difference means residents of New Ulm can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Ulm is $974/month compared to $824/month in Redwood Falls — a 18% difference. Home values follow the same pattern: Redwood Falls is more affordable at $162,000 median vs $192,700.

Median household income in New Ulm is $63,984 compared to $61,947 in Redwood Falls (+3.3%). The higher salaries in New Ulm partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of New Ulm spend roughly 18.3% of their income on rent, more than the 16% in Redwood Falls.

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