Red Lake Falls, MN vs Underwood, MN

There is a significant gap in the cost of living between these two cities. Red Lake Falls is 25.7% cheaper than Underwood. With a cost index of 58 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Red Lake Falls to Underwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Red Lake Falls is $568/month compared to $1,016/month in Underwood — a 44% difference. Home values follow the same pattern: Red Lake Falls is more affordable at $132,300 median vs $168,800.

Median household income in Red Lake Falls is $63,929 compared to $73,750 in Underwood (-13.3%). The higher salaries in Underwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Red Lake Falls spend roughly 10.7% of their income on rent, less than the 16.5% in Underwood.

Climate-wise, Underwood is notably warmer with an average of 42.5°F compared to 37.7°F in Red Lake Falls. Red Lake Falls receives more rainfall at 24.3" per year compared to 24.1" in Underwood.