Cost of Living in Falcon Heights, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
141.3
100 = national avg
+41.3 vs national average
Living Wage (1 Adult)
$62,179
per year
Living Wage (Family of 4)
$146,970
per year
Cost Index by Category
Housing160.5
Food121.3
Transportation142.5
Healthcare117.0
Utilities124.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Falcon Heights is 141.3, which is 41.3% above the national average. Housing costs are above the national average at an index of 160.5. A single adult needs to earn approximately $62,179 per year to cover basic expenses.