Falcon Heights, MN

Yes — Falcon Heights is about 11% more expensive than the national average, with an overall Cost Index of 111. Housing is the biggest factor: the typical home here is valued around $403,548, and monthly rents average roughly $1,200. Day-to-day costs like groceries and utilities tend to run closer to the national norm.

Start with housing. Typical monthly rent is $1,200, while local median household income is $93,233. That implies a rent-burden proxy of about 15% before utilities and other costs. For a specific job offer, filing status, or take-home pay scenario, use salary.city.

Minnesota has a progressive state income tax with a top rate of 9.85%. The effective property tax rate is 1.11%. On a home worth $403,548, that translates to roughly $4,479 per year in property taxes. Sales tax (state + local) averages around 7.54% on everyday purchases.

The typical monthly rent in Falcon Heights is around $1,200. That's roughly 11% lower than the $1,348 national median. For comparison, the median home value here is $403,548, so buyers should also factor in mortgage payments, property taxes, and insurance.

The median home in Falcon Heights is valued at $403,548. With 20% down and a 6.5% mortgage rate, you'd be looking at roughly $2,041/month for principal and interest alone — before property taxes and insurance. About 59% of residents here own their homes.

Grocery prices in Falcon Heights are about average compared to the rest of the US (index: 103, where 100 is the national average). Utility bills (electricity, gas, water) are about typical (index: 93). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.

Falcon Heights is a small town with a population of about 5,145. The median age of residents is 35.8, which is close to the national median. The local poverty rate is 7.81%, well below the national average of 12.4%.