Cost of Living in Delano, MN
Housing
The housing market plays a significant role in determining the cost of living in Delano, MN.
- Housing Index: 90.0 / 100
- Median Home Price is: $380,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Analyzing the housing market in Delano, MN, we see a housing index of 90.0, indicating a relatively affordable environment. The median home price stands at 380000, suggesting it’s a viable option for many homebuyers. Rental prices for a 2-bedroom apartment and house are 1200 and 1280 respectively, which are competitive for the area. This affordability in both renting and buying can imply a good balance for families or individuals looking for stable housing. Consideration of local job markets and amenities should also factor into your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Delano, 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.): $250 per month
Living in Delano, 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 $250 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 Delano is a financially viable option for your relocation.