Cost of Living: Park rapids, MN vs Riverbank, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Park rapids | Riverbank |
|---|---|---|
| Housing Index | 90.0 | 120.5 |
| Median Home Price | $250,000 | $460,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1350 | $2240 |
Housing Comparison: Park rapids vs Riverbank
- The median home price in Riverbank is higher at $460,000, compared to $250,000 in Park rapids.
- In Riverbank, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Park rapids.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Park rapids | Riverbank |
|---|---|---|
| Electricity Price | $16.38 | $32.99 |
| Natural Gas Price | $14.87 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Park rapids vs Riverbank
- Riverbank has higher electricity costs at $32.99 per kWh, versus $16.38 in Park rapids.
- Riverbank experiences higher natural gas costs at $16.99 per unit, with costs at $14.87 in Park rapids.
- Utility expenses are equal in both Park rapids and Riverbank averaging $250.