Cost of Living: Chicago, IL vs Pequot lakes, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Chicago | Pequot lakes |
|---|---|---|
| Housing Index | 110.0 | 90.0 |
| Median Home Price | $310,000 | $290,000 |
| Average Rent (2 BR Apartment) | $2200 | $1160 |
| Average Rent (2 BR House) | $2250 | $1200 |
Housing Comparison: Chicago vs Pequot lakes
- In Chicago, the median home price is higher at $310,000, while in Pequot lakes it is $290,000.
- Renting a two-bedroom apartment costs more in Chicago at $2,200 than in Pequot lakes at $1,160.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Chicago | Pequot lakes |
|---|---|---|
| Electricity Price | $16.15 | $16.38 |
| Natural Gas Price | $16.59 | $14.87 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Chicago vs Pequot lakes
- Pequot lakes 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 Pequot lakes.
- Other utility costs are higher in Chicago at an average of $250, compared to Pequot lakes with $200.