Cost of Living: Albert lea, MN vs Arvada, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albert lea | Arvada |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $225,000 | $477,000 |
| Average Rent (2 BR Apartment) | $1050 | $2000 |
| Average Rent (2 BR House) | $1200 | $2056 |
Housing Comparison: Albert lea vs Arvada
- The median home price in Arvada is higher at $477,000, compared to $225,000 in Albert lea.
- In Arvada, the rental for a two-bedroom apartment stands at $2,000, while it is $1,050 in Albert lea.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albert lea | Arvada |
|---|---|---|
| Electricity Price | $16.38 | $15.21 |
| Natural Gas Price | $14.87 | $11.3 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albert lea vs Arvada
- Electricity costs are higher in Albert lea at $16.38 per kWh, compared to $15.21 in Arvada.
- Natural gas is more expensive in Albert lea at $14.87 per unit, while it is cheaper at $11.3 in Arvada.
- Utility expenses are equal in both Albert lea and Arvada averaging $250.