Cost of Living: Spring valley, NY vs Minneapolis, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Spring valley | Minneapolis |
|---|---|---|
| Housing Index | 120.4 | 120.0 |
| Median Home Price | $497,000 | $305,000 |
| Average Rent (2 BR Apartment) | $2300 | $1800 |
| Average Rent (2 BR House) | $2400 | $1840 |
Housing Comparison: Spring valley vs Minneapolis
- In Spring valley, the median home price is higher at $497,000, while in Minneapolis it is $305,000.
- Renting a two-bedroom apartment costs more in Spring valley at $2,300 than in Minneapolis at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Spring valley | Minneapolis |
|---|---|---|
| Electricity Price | $26.08 | $16.38 |
| Natural Gas Price | $18.13 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Spring valley vs Minneapolis
- Electricity costs are higher in Spring valley at $26.08 per kWh, compared to $16.38 in Minneapolis.
- Natural gas is more expensive in Spring valley at $18.13 per unit, while it is cheaper at $14.87 in Minneapolis.
- Utility expenses are equal in both Spring valley and Minneapolis averaging $250.