Cost of Living: Springfield, MA vs Forest lake, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Springfield | Forest lake |
|---|---|---|
| Housing Index | 120.0 | 115.0 |
| Median Home Price | $287,000 | $374,000 |
| Average Rent (2 BR Apartment) | $1800 | $1500 |
| Average Rent (2 BR House) | $1840 | $1600 |
Housing Comparison: Springfield vs Forest lake
- The median home price in Forest lake is higher at $374,000, compared to $287,000 in Springfield.
- Renting a two-bedroom apartment costs more in Springfield at $1,800 than in Forest lake at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Springfield | Forest lake |
|---|---|---|
| Electricity Price | $28.15 | $16.38 |
| Natural Gas Price | $21.62 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Springfield vs Forest lake
- Electricity costs are higher in Springfield at $28.15 per kWh, compared to $16.38 in Forest lake.
- Natural gas is more expensive in Springfield at $21.62 per unit, while it is cheaper at $14.87 in Forest lake.
- Utility expenses are equal in both Springfield and Forest lake averaging $250.