Cost of Living in Falcon Heights, MN

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C-
15%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
49%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Falcon Heights Minnesota National
Cost of living115100100
Groceries102100100
Health care101100100
Housing149100100
Transportation99100100
Utilities102104100
Lifestyle & Entertainment100100100
Household Items99100100
Education & Childcare10299100
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Homes For Sale In Falcon Heights, MN

property for sale

1457 Hoyt Ave W

Saint Paul, MN
property for sale

1834 Holton St

Saint Paul, MN
property for sale

1749 Hamline Ave N

Saint Paul, MN
property for sale

1889 Hamline Ave N

Saint Paul, MN

Cost Of Living Quick Facts

  • The cost of living in Falcon Heights is 15% higher than the Minnesota average
  • The cost of living in Falcon Heights is 15% higher than the national average
  • Falcon Heights housing is 49% higher than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Falcon Heights

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Compare Falcon Heights, MN Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$180,353$15,029$4,208$5,411
      Renters$51,455$4,288$1,201$1,544
      To approximate the cost of living and the housing affordability in Falcon Heights, MN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Falcon Heights have a median income of $180,353. Therefore, the amount that a consumer should spend on housing costs should be no more than $4,208 per month to avoid calamity and poverty. The renters in the city have an income of about $51,455, which would make their monthly maximum allowable rental costs $1,201.

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Landfall, MN8197227.9%
      South End, MN667822.1%
      Hilltop, MN1,0458020.0%
      St. Anthony city (Stearns County), MN1088416.4%
      St. Paul Park, MN5,5621011.2%
      Falcon Heights, MN5,78111515.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Deer Park, OH5,781919.1%
      Prairie du Chien, WI5,7818713.2%
      Rio Pinar, FL5,78012323.5%
      Waimanalo, HI5,78217171.0%
      Crowsnest Pass, AB5,778n/a 
      Falcon Heights, MN5,78111515.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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