Cost of Living: Minneapolis, MN vs Danville, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minneapolis | Danville |
|---|---|---|
| Housing Index | 120.0 | 75.0 |
| Median Home Price | $305,000 | $187,000 |
| Average Rent (2 BR Apartment) | $1800 | $960 |
| Average Rent (2 BR House) | $1840 | $1024 |
Housing Comparison: Minneapolis vs Danville
- In Minneapolis, the median home price is higher at $305,000, while in Danville it is $187,000.
- In Danville, the rental for a two-bedroom apartment stands at $960, while it is $1,800 in Minneapolis.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Minneapolis | Danville |
|---|---|---|
| Electricity Price | $16.38 | $12.87 |
| Natural Gas Price | $14.87 | $22.78 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Minneapolis vs Danville
- Electricity costs are higher in Minneapolis at $16.38 per kWh, compared to $12.87 in Danville.
- Danville experiences higher natural gas costs at $22.78 per unit, with costs at $14.87 in Minneapolis.
- Other utility costs are higher in Minneapolis at an average of $250, compared to Danville with $200.