Redwood Falls, MN vs Waterville, MN

Redwood Falls is moderately more affordable than Waterville, with a 9.7% lower cost of living index. Redwood Falls scores 72 compared to 80 for Waterville, where the US average is 100. This difference means residents of Waterville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Redwood Falls is $824/month compared to $835/month in Waterville — a 1% difference. Home values follow the same pattern: Redwood Falls is more affordable at $162,000 median vs $216,700.

Median household income in Redwood Falls is $61,947 compared to $67,721 in Waterville (-8.5%). The higher salaries in Waterville partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Redwood Falls spend roughly 16% of their income on rent, more than the 14.8% in Waterville.

Climate-wise, both cities share similar average temperatures (45.4°F vs 46.7°F). Waterville receives more rainfall at 30.6" per year compared to 28" in Redwood Falls.