Taylors Falls, MN vs Two Harbors, MN

There is a significant gap in the cost of living between these two cities. Two Harbors is 20.5% cheaper than Taylors Falls. With a cost index of 73 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Two Harbors to Taylors Falls should plan for substantially higher expenses across most categories.

On the housing front, median rent in Taylors Falls is $985/month compared to $879/month in Two Harbors — a 12% difference. Home values follow the same pattern: Two Harbors is more affordable at $187,100 median vs $256,000.

Median household income in Taylors Falls is $61,548 compared to $62,885 in Two Harbors (-2.1%). Two Harbors offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Taylors Falls spend roughly 19.2% of their income on rent, more than the 16.8% in Two Harbors.

Climate-wise, both cities share similar average temperatures (43.1°F vs 40.6°F). Taylors Falls receives more rainfall at 33.8" per year compared to 31.2" in Two Harbors.