Cost of Living: Akron, OH vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Akron | Faribault |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $147,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1050 | $1200 |
| Average Rent (2 BR House) | $1100 | $1280 |
Housing Comparison: Akron vs Faribault
- The median home price in Faribault is higher at $226,000, compared to $147,000 in Akron.
- In Faribault, the rental for a two-bedroom apartment stands at $1,200, while it is $1,050 in Akron.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Akron | Faribault |
|---|---|---|
| Electricity Price | $15.92 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Akron vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $15.92 in Akron.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Akron and Faribault averaging $250.