Cost of Living: New london, MN vs Gilbert, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New london | Gilbert |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $266,000 | $480,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: New london vs Gilbert
- The median home price in Gilbert is higher at $480,000, compared to $266,000 in New london.
- In Gilbert, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in New london.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New london | Gilbert |
|---|---|---|
| Electricity Price | $16.38 | $15.14 |
| Natural Gas Price | $14.87 | $23.51 |
| Other Utilities | $200 | $250 |
Utilities Comparison: New london vs Gilbert
- Electricity costs are higher in New london at $16.38 per kWh, compared to $15.14 in Gilbert.
- Gilbert experiences higher natural gas costs at $23.51 per unit, with costs at $14.87 in New london.
- Gilbert has higher utility expenses, averaging $250, while New london averages $200.