Cost of Living: Chicago, IL vs Palisade, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chicago | Palisade |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $310,000 | $215,000 |
| Average Rent (2 BR Apartment) | $2200 | $Data is updating |
| Average Rent (2 BR House) | $2250 | $Data is updating |
Housing Comparison: Chicago vs Palisade
- In Chicago, the median home price is higher at $310,000, while in Palisade it is $215,000.
- The rent for a two-bedroom apartment is equal in both Chicago and Palisade at $2,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chicago | Palisade |
|---|---|---|
| Electricity Price | $16.15 | $16.38 |
| Natural Gas Price | $16.59 | $14.87 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Chicago vs Palisade
- Palisade has higher electricity costs at $16.38 per kWh, versus $16.15 in Chicago.
- Natural gas is more expensive in Chicago at $16.59 per unit, while it is cheaper at $14.87 in Palisade.
- Utility expenses are equal in both Chicago and Palisade averaging $250.