Red Lake Falls, MN vs Tower, MN

Red Lake Falls, MN and Tower, MN have a very similar cost of living, with only a 2.1% difference in their overall index. Red Lake Falls scores 58 while Tower scores 57 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 Red Lake Falls is $568/month compared to $565/month in Tower — a 1% difference. Home values follow the same pattern: Tower is more affordable at $113,600 median vs $132,300.

Median household income in Red Lake Falls is $63,929 compared to $60,156 in Tower (+6.3%). 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 Red Lake Falls spend roughly 10.7% of their income on rent, less than the 11.3% in Tower.

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