Redwood Falls, MN vs Tracy, MN

There is a significant gap in the cost of living between these two cities. Tracy is 21.9% cheaper than Redwood Falls. With a cost index of 59 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Tracy to Redwood Falls should plan for substantially higher expenses across most categories.

On the housing front, median rent in Redwood Falls is $824/month compared to $536/month in Tracy — a 54% difference. Home values follow the same pattern: Tracy is more affordable at $110,900 median vs $162,000.

Median household income in Redwood Falls is $61,947 compared to $60,682 in Tracy (+2.1%). Redwood Falls does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Redwood Falls spend roughly 16% of their income on rent, more than the 10.6% in Tracy.

Climate-wise, both cities share similar average temperatures (45.4°F vs 45.4°F). Tracy receives more rainfall at 28" per year compared to 28" in Redwood Falls.