Red Wing, MN vs St. Louis Park, MN
There is a significant gap in the cost of living between these two cities. Red Wing is 27.2% cheaper than St. Louis Park. With a cost index of 84 vs 115, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Red Wing to St. Louis Park should plan for substantially higher expenses across most categories.
On the housing front, median rent in Red Wing is $954/month compared to $1,589/month in St. Louis Park — a 40% difference. Home values follow the same pattern: Red Wing is more affordable at $224,800 median vs $371,600.
Median household income in Red Wing is $65,259 compared to $100,250 in St. Louis Park (-34.9%). While St. Louis Park 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 Wing spend roughly 17.5% of their income on rent, less than the 19% in St. Louis Park.
Climate-wise, both cities share similar average temperatures (46.5°F vs 45.8°F). St. Louis Park receives more rainfall at 30.7" per year compared to 29.2" in Red Wing.
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