Cost of Living: Minneapolis, MN vs Belvidere, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minneapolis | Belvidere |
|---|---|---|
| Housing Index | 120.0 | 90.0 |
| Median Home Price | $305,000 | $212,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1235 |
Housing Comparison: Minneapolis vs Belvidere
- In Minneapolis, the median home price is higher at $305,000, while in Belvidere it is $212,000.
- Renting a two-bedroom apartment costs more in Minneapolis at $1,800 than in Belvidere at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Minneapolis | Belvidere |
|---|---|---|
| Electricity Price | $16.38 | $16.15 |
| Natural Gas Price | $14.87 | $16.59 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Minneapolis vs Belvidere
- Electricity costs are higher in Minneapolis at $16.38 per kWh, compared to $16.15 in Belvidere.
- Belvidere experiences higher natural gas costs at $16.59 per unit, with costs at $14.87 in Minneapolis.
- Other utility costs are higher in Minneapolis at an average of $250, compared to Belvidere with $200.