Cost of Living: Shreveport, LA vs Forest lake, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Shreveport | Forest lake |
|---|---|---|
| Housing Index | 95.0 | 115.0 |
| Median Home Price | $242,000 | $374,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1240 | $1600 |
Housing Comparison: Shreveport vs Forest lake
- The median home price in Forest lake is higher at $374,000, compared to $242,000 in Shreveport.
- In Forest lake, the rental for a two-bedroom apartment stands at $1,500, while it is $1,200 in Shreveport.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Shreveport | Forest lake |
|---|---|---|
| Electricity Price | $11.42 | $16.38 |
| Natural Gas Price | $19.48 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Shreveport vs Forest lake
- Forest lake has higher electricity costs at $16.38 per kWh, versus $11.42 in Shreveport.
- Natural gas is more expensive in Shreveport at $19.48 per unit, while it is cheaper at $14.87 in Forest lake.
- Utility expenses are equal in both Shreveport and Forest lake averaging $250.