Cost of Living in Falcon Heights, MN
Population 5,145 · Minnesota · Data vintage 2023
(100 = US avg)
Falcon Heights sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located <5 miles northwest of St. Paul, Falcon Heights falls within that metro's commuting orbit. Median home values run roughly 31% higher than St. Paul's $280,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Falcon Heights
The median home value in Falcon Heights is $366,800 — 20% above the national median of $305,000. Median rent runs $1,200/month, 9% lower than the national median of $1,314/month. The median household income of $93,233/year is 25% higher than the US median of $74,580. The local unemployment rate is 5.3%, above the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Falcon Heights has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
Falcon Heights has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Falcon Heights, MN?
Falcon Heights has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Falcon Heights, MN?
The median gross rent in Falcon Heights is $1,200 per month based on 2023 Census data.
What is the average home price in Falcon Heights?
The median home value in Falcon Heights is $366,800 according to Zillow and Census data.
What is the median income in Falcon Heights?
The median household income in Falcon Heights is $93,233 per year (2023 ACS 5-year estimates).
What is the sales tax in Falcon Heights, MN?
The combined state and local sales tax rate in Falcon Heights is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Falcon Heights, MN affordable?
Falcon Heights is near the national average in terms of cost of living, with an index of 109 (100 = US average).
Falcon Heights at a Glance
- Population
- 5,145
- Median Income
- $93,233
- Home Value
- $366,800
- Median Rent
- $1,200/mo
- Unemployment
- 5.3%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs