salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs about 3.9 years of household income. Commutes are short, about 19.6 minutes.
How much money do I need?
To rent here comfortably, you should earn about $33,040 a year. That is $16 an hour at a full-time job.
Is rent cheaper than other Minnesota cities?
Yes. Rent here is cheaper than in most of Minnesota. It is number 10 of 150 cities from cheapest to most expensive.
How much do households earn in Little Falls?
Share of households by yearly income. 15.7% of households earn $100,000 or more.
Rent by apartment size in Little Falls
| Size | Little Falls | U.S. average |
|---|---|---|
| 1 bedroom | $712 | $1,324 |
| 2 bedrooms | $891 | $1,509 |
| 3 bedrooms | $1,238 | $1,698 |
| 4 bedrooms | $1,116 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Little Falls overall?
Everyday prices in Minnesota overall are 1% below the U.S. average (index 98.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Little Falls, so the Minnesota figure is shown.
Taxes and bills in Little Falls
Life in Little Falls
Is it cheaper to rent or buy in Little Falls?
Renting is cheaper right now: about $580 a month less.
Owning assumes a typical $202,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,260 for the down payment.
Frequently asked questions
What is the average rent in Little Falls, MN?
Renting in Little Falls costs a median of about $826 a month in 2026, including utilities. The Minnesota median is $1,525.
How much do I need to make to live in Little Falls?
To keep rent under 30% of income, you need about $33,040 a year, or $16 an hour at a full-time job.
Is Little Falls cheap or expensive?
Little Falls is rated Cheap: rent takes 19.2% of the typical household income of $51,620. It ranks 10th cheapest of 150 Minnesota cities we track.
How much are property taxes in Little Falls?
The median homeowner in Little Falls pays $2,310 a year in property taxes, about 1.14% of the median home value.
Is Little Falls more expensive than the national average?
Overall prices in Minnesota are 1% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Little Falls?
The median home value in Little Falls is $202,600, about 3.9 times the typical yearly household income.
9,121 people live in Little Falls. Numbers are typical (middle) values.