Cost of Living in Floodwood, MN
Housing
The housing market plays a significant role in determining the cost of living in Floodwood, MN.
- Housing Index: Data is updating
- Median Home Price is: $106,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering a move to Floodwood, MN? The current statistics indicate a housing index of 0.0, which suggests a unique market condition, potentially indicating affordable housing options. The median home price currently stands at 106000, making it an enticing option for homebuyers. However, with an average rent for a 2-bedroom apartment and house both at 0.0 and 0.0 respectively, it appears that renting may not be a viable option right now. Compare these figures with nearby areas for a more comprehensive understanding before making your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Floodwood, 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.): Data is updating
Living in Floodwood, 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 data unavailable 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 Floodwood is a financially viable option for your relocation.