Cost of Living: Clarksdale, MS vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Clarksdale | Faribault |
|---|---|---|
| Housing Index | 75.0 | 85.0 |
| Median Home Price | $120,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1280 |
Housing Comparison: Clarksdale vs Faribault
- The median home price in Faribault is higher at $226,000, compared to $120,000 in Clarksdale.
- The rent for a two-bedroom apartment is equal in both Clarksdale and 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 | Clarksdale | Faribault |
|---|---|---|
| Electricity Price | $13.42 | $16.38 |
| Natural Gas Price | $22.19 | $14.87 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Clarksdale vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $13.42 in Clarksdale.
- Natural gas is more expensive in Clarksdale at $22.19 per unit, while it is cheaper at $14.87 in Faribault.
- Faribault has higher utility expenses, averaging $250, while Clarksdale averages $150.