Cost of Living: Red lake falls, MN vs Sterling, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Red lake falls | Sterling |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $150,000 | $137,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1240 | $1360 |
Housing Comparison: Red lake falls vs Sterling
- In Red lake falls, the median home price is higher at $150,000, while in Sterling it is $137,000.
- The rent for a two-bedroom apartment is equal in both Red lake falls and Sterling 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 | Red lake falls | Sterling |
|---|---|---|
| Electricity Price | $16.38 | $16.15 |
| Natural Gas Price | $14.87 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Red lake falls vs Sterling
- Electricity costs are higher in Red lake falls at $16.38 per kWh, compared to $16.15 in Sterling.
- Sterling experiences higher natural gas costs at $16.59 per unit, with costs at $14.87 in Red lake falls.
- Sterling has higher utility expenses, averaging $250, while Red lake falls averages $200.