Cost of Living: Fargo, ND vs Lancaster, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fargo | Lancaster |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $334,000 | $207,000 |
| Average Rent (2 BR Apartment) | $1200 | $1410 |
| Average Rent (2 BR House) | $1320 | $1480 |
Housing Comparison: Fargo vs Lancaster
- In Fargo, the median home price is higher at $334,000, while in Lancaster it is $207,000.
- In Lancaster, the rental for a two-bedroom apartment stands at $1,410, while it is $1,200 in Fargo.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Fargo | Lancaster |
|---|---|---|
| Electricity Price | $13.65 | $14.18 |
| Natural Gas Price | $10.8 | $23.51 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Fargo vs Lancaster
- Lancaster has higher electricity costs at $14.18 per kWh, versus $13.65 in Fargo.
- Lancaster experiences higher natural gas costs at $23.51 per unit, with costs at $10.8 in Fargo.
- Utility expenses are equal in both Fargo and Lancaster averaging $250.