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.