Cost of Living: Elko new market, MN vs Pea ridge, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elko new market | Pea ridge |
|---|---|---|
| Housing Index | Data is updating | Data is updating |
| Median Home Price | $338,000 | $186,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $Data is updating |
| Average Rent (2 BR House) | $Data is updating | $Data is updating |
Housing Comparison: Elko new market vs Pea ridge
- In Elko new market, the median home price is higher at $338,000, while in Pea ridge it is $186,000.
- The rent for a two-bedroom apartment is equal in both Elko new market and Pea ridge 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 | Pea ridge |
|---|---|---|
| Electricity Price | $16.38 | $12.36 |
| Natural Gas Price | $14.87 | $17.08 |
| Other Utilities | $Data is updating | $Data is updating |
Utilities Comparison: Elko new market vs Pea ridge
- Electricity costs are higher in Elko new market at $16.38 per kWh, compared to $12.36 in Pea ridge.
- Pea ridge experiences higher natural gas costs at $17.08 per unit, with costs at $14.87 in Elko new market.
- Utility expenses are equal in both Elko new market and Pea ridge averaging $0.0.