Cost of Living: Byron, IL vs Forest lake, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Byron | Forest lake |
|---|---|---|
| Housing Index | Data is updating | 115.0 |
| Median Home Price | $210,000 | $374,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1500 |
| Average Rent (2 BR House) | $Data is updating | $1600 |
Housing Comparison: Byron vs Forest lake
- The median home price in Forest lake is higher at $374,000, compared to $210,000 in Byron.
- The rent for a two-bedroom apartment is equal in both Byron and Forest lake at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Byron | Forest lake |
|---|---|---|
| Electricity Price | $16.15 | $16.38 |
| Natural Gas Price | $16.59 | $14.87 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Byron vs Forest lake
- Forest lake has higher electricity costs at $16.38 per kWh, versus $16.15 in Byron.
- Natural gas is more expensive in Byron at $16.59 per unit, while it is cheaper at $14.87 in Forest lake.
- Utility expenses are equal in both Byron and Forest lake averaging $0.0.