Falcon Heights, MN Cost Of Living
Cost Of Living In Falcon Heights, MN Summary
Cost of living in Falcon Heights research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Falcon Heights is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Falcon Heights is 112, with 100 being the average.
The cost of living index in Falcon Heights is 1.1x higher than the national average.
Falcon Heights ranks as the #108 cheapest in Minnesota out of 148.
Falcon Heights ranks as the #3,863 cheapest out of 6,489 in the US.
The median home value in Falcon Heights is $403,492.
The median income in Falcon Heights is $93,233.
Table Of Contents
Falcon Heights's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Falcon Heights, MN?
According to the most recent data on the cost of living, Falcon Heights has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Falcon Heights has a cost of living index that's 1.2x higher than Minnesota's index of 97.
The standard of living in Falcon Heights ranks as #108 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Falcon Heights ranks as the #40 most expensive place in the North Star State.
For more reading on life in Falcon Heights, check out:
In Minnesota
In America
Falcon Heights Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Falcon Heights. Here is how it fairs on each of the criteria:
The Services index in Falcon Heights is 95.
The Groceries index in Falcon Heights is 100.
The Health index in Falcon Heights is 101.
The Housing index in Falcon Heights is 150.
The Transportation index in Falcon Heights is 96.
The Utilities index in Falcon Heights is 92.
| Living Expense | Falcon Heights | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 112 | 97 | 100 | |
| Services | 95 | 101 | 100 | |
| Groceries | 100 | 99 | 100 | |
| Health | 101 | 110 | 100 | |
| Housing | 150 | 100 | 100 | |
| Transportation | 96 | 95 | 100 | |
| Utilities | 92 | 94 | 100 | |
Falcon Heights, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Falcon Heights is $403,492.
The Median Rent in Falcon Heights is $1,200.
The Median Income in Falcon Heights is $93,233.
The Home Value To Income in Falcon Heights is 4.3x.
The Rent To Monthly Income in Falcon Heights is 0.15x.
| Statistic | Falcon Heights | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $403,492 | $344,484 | $303,400 |
| Median Rent | $1,200 | $1,235 | $1,348 |
| Median Income | $93,233 | $87,556 | $78,538 |
| Home Value To Income | 4.3x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Falcon Heights, MN Costs By Category
Detailed Falcon Heights Services Costs Vs. Minnesota
| Item | Falcon Heights | Minnesota |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $13.47 | $12.13 |
| Bowling | $21.5 | $18 |
| Haircut | $28.67 | $24.26 |
| Beauty Salon | $34.55 | $45.56 |
Detailed Falcon Heights Groceries Costs Vs. Minnesota
| Item | Falcon Heights | Minnesota |
|---|---|---|
| Ground Beef | $5.49 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $12.49 | $12.09 |
| Beer | $9.36 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Falcon Heights Health Costs Vs. Minnesota
| Item | Falcon Heights | Minnesota |
|---|---|---|
| Optometrist | $145.44 | $125.68 |
| Doctor | $229.08 | $135.78 |
| Dentist | $108.67 | $113.29 |
Detailed Falcon Heights Transportation Costs Vs. Minnesota
| Item | Falcon Heights | Minnesota |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $61.74 | $59.92 |
Detailed Falcon Heights Utilities Costs Vs. Minnesota
| Item | Falcon Heights | Minnesota |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $187.39 | $192.25 |
Falcon Heights SnackAbility
/10
Cost Of Living In Cities Around Falcon Heights
The cost of living varies in the cities and towns around Falcon Heights. Here's a quick look at the cost of living in the most populous nearby places:
Minneapolis, MN has a cost of living index of 110, 1.0x Falcon Heights.
St. Paul, MN has a cost of living index of 103, 0.9x Falcon Heights.
Plymouth, MN has a cost of living index of 124, 1.1x Falcon Heights.
| City | Population | Cost Of Living | Vs. Falcon Heights |
|---|---|---|---|
| Minneapolis, MN | 426,845 | 110 | 1.0x |
| St. Paul, MN | 307,762 | 103 | 0.9x |
| Plymouth, MN | 79,526 | 124 | 1.1x |
| Woodbury, MN | 76,945 | 122 | 1.1x |
| Maple Grove, MN | 70,539 | 118 | 1.1x |
| Eden Prairie, MN | 63,249 | 124 | 1.1x |
| Minnetonka, MN | 53,256 | 120 | 1.1x |
| Edina, MN | 53,125 | 139 | 1.2x |
| Roseville, MN | 35,905 | 108 | 1.0x |
| Shoreview, MN | 26,724 | 111 | 1.0x |
