Oklee, MN vs Red Lake Falls, MN

Oklee, MN and Red Lake Falls, MN have a very similar cost of living, with only a 2.6% difference in their overall index. Oklee scores 57 while Red Lake Falls scores 58 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Oklee is $583/month compared to $568/month in Red Lake Falls — a 3% difference. Interestingly, home values tell a different story: while Red Lake Falls has cheaper rent, Oklee actually has lower median home values ($108,500 vs $132,300).

Median household income in Oklee is $56,667 compared to $63,929 in Red Lake Falls (-11.4%). While Red Lake Falls is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oklee spend roughly 12.3% of their income on rent, more than the 10.7% in Red Lake Falls.

Climate-wise, both cities share similar average temperatures (37.7°F vs 37.7°F). Red Lake Falls receives more rainfall at 24.3" per year compared to 24.3" in Oklee.