Perham, MN vs Red Lake Falls, MN

There is a significant gap in the cost of living between these two cities. Red Lake Falls is 26.4% cheaper than Perham. With a cost index of 58 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Red Lake Falls to Perham should plan for substantially higher expenses across most categories.

On the housing front, median rent in Perham is $813/month compared to $568/month in Red Lake Falls — a 43% difference. Home values follow the same pattern: Red Lake Falls is more affordable at $132,300 median vs $186,000.

Median household income in Perham is $47,088 compared to $63,929 in Red Lake Falls (-26.3%). 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 Perham spend roughly 20.7% of their income on rent, more than the 10.7% in Red Lake Falls.

Climate-wise, both cities share similar average temperatures (40.4°F vs 37.7°F). Red Lake Falls receives more rainfall at 24.3" per year compared to 23.9" in Perham.