Cost of Living: Elko new market, MN vs Medford, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elko new market | Medford |
|---|---|---|
| Housing Index | Data is updating | 120.0 |
| Median Home Price | $338,000 | $482,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $2500 |
| Average Rent (2 BR House) | $Data is updating | $2350 |
Housing Comparison: Elko new market vs Medford
- The median home price in Medford is higher at $482,000, compared to $338,000 in Elko new market.
- The rent for a two-bedroom apartment is equal in both Elko new market and Medford 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 | Elko new market | Medford |
|---|---|---|
| Electricity Price | $16.38 | $28.15 |
| Natural Gas Price | $14.87 | $21.62 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Elko new market vs Medford
- Medford has higher electricity costs at $28.15 per kWh, versus $16.38 in Elko new market.
- Medford experiences higher natural gas costs at $21.62 per unit, with costs at $14.87 in Elko new market.
- Utility expenses are equal in both Elko new market and Medford averaging $0.0.