Cost of Living: Albert lea, MN vs Chesapeake, VA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albert lea | Chesapeake |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $225,000 | $347,000 |
| Average Rent (2 BR Apartment) | $1050 | $1800 |
| Average Rent (2 BR House) | $1200 | $1840 |
Housing Comparison: Albert lea vs Chesapeake
- The median home price in Chesapeake is higher at $347,000, compared to $225,000 in Albert lea.
- In Chesapeake, the rental for a two-bedroom apartment stands at $1,800, 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 | Chesapeake |
|---|---|---|
| Electricity Price | $16.38 | $15.31 |
| Natural Gas Price | $14.87 | $19.91 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albert lea vs Chesapeake
- Electricity costs are higher in Albert lea at $16.38 per kWh, compared to $15.31 in Chesapeake.
- Chesapeake experiences higher natural gas costs at $19.91 per unit, with costs at $14.87 in Albert lea.
- Utility expenses are equal in both Albert lea and Chesapeake averaging $250.