Cost of Living: Forest lake, MN vs Los banos, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Los banos |
|---|---|---|
| Housing Index | 115.0 | 105.0 |
| Median Home Price | $374,000 | $300,000 |
| Average Rent (2 BR Apartment) | $1500 | $1800 |
| Average Rent (2 BR House) | $1600 | $1864 |
Housing Comparison: Forest lake vs Los banos
- In Forest lake, the median home price is higher at $374,000, while in Los banos it is $300,000.
- In Los banos, the rental for a two-bedroom apartment stands at $1,800, while it is $1,500 in Forest lake.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Forest lake | Los banos |
|---|---|---|
| Electricity Price | $16.38 | $32.99 |
| Natural Gas Price | $14.87 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Forest lake vs Los banos
- Los banos has higher electricity costs at $32.99 per kWh, versus $16.38 in Forest lake.
- Los banos experiences higher natural gas costs at $16.99 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Los banos averaging $250.