Cost of Living: Fairfield, CT vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fairfield | Faribault |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $470,000 | $226,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2450 | $1280 |
Housing Comparison: Fairfield vs Faribault
- In Fairfield, the median home price is higher at $470,000, while in Faribault it is $226,000.
- Renting a two-bedroom apartment costs more in Fairfield at $2,400 than in 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 | Fairfield | Faribault |
|---|---|---|
| Electricity Price | $26 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $280 | $250 |
Utilities Comparison: Fairfield vs Faribault
- Electricity costs are higher in Fairfield at $26 per kWh, compared to $16.38 in Faribault.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Fairfield at an average of $280, compared to Faribault with $250.