Red Lake Falls, MN vs Soudan, MN

There is a significant gap in the cost of living between these two cities. Red Lake Falls is 26.1% cheaper than Soudan. With a cost index of 58 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Red Lake Falls to Soudan should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Red Lake Falls are $132,300 compared to $99,400 in Soudan, a 33% gap.

Median household income in Red Lake Falls is $63,929 compared to $55,526 in Soudan (+15.1%). Red Lake Falls offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, both cities share similar average temperatures (37.7°F vs 36.9°F). Soudan receives more rainfall at 24.8" per year compared to 24.3" in Red Lake Falls.