Cost of Living: Canaan, CT vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Canaan | Faribault |
|---|---|---|
| Housing Index | Data is updating | 85.0 |
| Median Home Price | $259,000 | $226,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1280 |
Housing Comparison: Canaan vs Faribault
- In Canaan, the median home price is higher at $259,000, while in Faribault it is $226,000.
- The rent for a two-bedroom apartment is equal in both Canaan and Faribault 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 | Canaan | Faribault |
|---|---|---|
| Electricity Price | $26 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Canaan vs Faribault
- Electricity costs are higher in Canaan at $26 per kWh, compared to $16.38 in Faribault.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Canaan and Faribault averaging $0.0.