Cost of Living: Austin, TX vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Austin | Faribault |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $572,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1280 |
Housing Comparison: Austin vs Faribault
- In Austin, the median home price is higher at $572,000, while in Faribault it is $226,000.
- Renting a two-bedroom apartment costs more in Austin at $1,800 than in Faribault at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Austin | Faribault |
|---|---|---|
| Electricity Price | $14.47 | $16.38 |
| Natural Gas Price | $26.29 | $14.87 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Austin vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $14.47 in Austin.
- Natural gas is more expensive in Austin at $26.29 per unit, while it is cheaper at $14.87 in Faribault.
- Faribault has higher utility expenses, averaging $250, while Austin averages $200.