Cost of Living in Cohasset, MN
Housing
The housing market plays a significant role in determining the cost of living in Cohasset, MN.
- Housing Index: 95.0 / 100
- Median Home Price is: $306,200
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1440 per month
In Cohasset, MN, the housing index of 95.0 indicates a balanced market, making homebuying or renting accessible for various budgets. With the median home price at 306200 and average rent for a 2BR apartment hovering around 1400, investing in real estate here may offer long-term value. Renting a 2BR house at 1440 provides flexibility. Consider your financial situation and lifestyle needs, as owning a home can build equity over time while renting offers mobility. Overall, this community represents a promising option for new residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cohasset, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Cohasset, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cohasset is a financially viable option for your relocation.