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 116, which is 1.2x higher than the national index of 100.
Compared to Minnesota, Falcon Heights has a cost of living index that's 1.1x higher than Minnesota's index of 101.
The standard of living in Falcon Heights ranks as #117 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Falcon Heights ranks as the #34 most expensive place in the North Star State.
For more reading on life in Falcon Heights, check out:
Falcon Heights Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Falcon Heights. Here is how it fares on each of the criteria:
The Services index in Falcon Heights is 104.
The Groceries index in Falcon Heights is 101.
The Health index in Falcon Heights is 148.
The Housing index in Falcon Heights is 98.
The Transportation index in Falcon Heights is 103.
The Utilities index in Falcon Heights is 99.
| Living Expense | Falcon Heights | Minnesota | National Average |
|---|---|---|---|
| Overall | 116 | 101 | 100 |
| Services | 104 | 101 | 100 |
| Groceries | 101 | 99 | 100 |
| Health | 148 | 99 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 99 | 101 | 100 |
Falcon Heights Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Falcon Heights Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Falcon Heights is $412,531.
The Median Rent in Falcon Heights is $1,202.
The Median Income in Falcon Heights is $96,528.
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 | $412,531 | $346,667 | $332,700 |
| Median Rent | $1,202 | $1,280 | $1,413 |
| Median Income | $96,528 | $89,062 | $80,734 |
| Home Value To Income | 4.3x | 3.9x | 4.1x |
| Rent To Monthly Income | 0.15x | 0.17x | 0.21x |
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
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 116, 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 | 427,246 | 116 | 1.0x |
| St. Paul, MN | 307,284 | 103 | 0.9x |
| Plymouth, MN | 79,220 | 124 | 1.1x |
| Woodbury, MN | 78,305 | 120 | 1.0x |
| Maple Grove, MN | 71,173 | 117 | 1.0x |
| Eden Prairie, MN | 63,051 | 128 | 1.1x |
| Edina, MN | 53,262 | 141 | 1.2x |
| Minnetonka, MN | 53,064 | 127 | 1.1x |
| Roseville, MN | 35,802 | 113 | 1.0x |
| Shoreview, MN | 26,714 | 116 | 1.0x |
