Cost of Living: Albert lea, MN vs Wynne, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albert lea | Wynne |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $225,000 | $127,000 |
| Average Rent (2 BR Apartment) | $1050 | $800 |
| Average Rent (2 BR House) | $1200 | $850 |
Housing Comparison: Albert lea vs Wynne
- In Albert lea, the median home price is higher at $225,000, while in Wynne it is $127,000.
- In Wynne, the rental for a two-bedroom apartment stands at $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 | Wynne |
|---|---|---|
| Electricity Price | $16.38 | $12.36 |
| Natural Gas Price | $14.87 | $17.08 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Albert lea vs Wynne
- Electricity costs are higher in Albert lea at $16.38 per kWh, compared to $12.36 in Wynne.
- Wynne experiences higher natural gas costs at $17.08 per unit, with costs at $14.87 in Albert lea.
- Other utility costs are higher in Albert lea at an average of $250, compared to Wynne with $200.