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.