Cost of Living: Fargo, ND vs Wyoming, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fargo | Wyoming |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $334,000 | $191,000 |
| Average Rent (2 BR Apartment) | $1200 | $1400 |
| Average Rent (2 BR House) | $1320 | $1450 |
Housing Comparison: Fargo vs Wyoming
- In Fargo, the median home price is higher at $334,000, while in Wyoming it is $191,000.
- In Wyoming, the rental for a two-bedroom apartment stands at $1,400, 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 | Wyoming |
|---|---|---|
| Electricity Price | $13.65 | $19.88 |
| Natural Gas Price | $10.8 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Fargo vs Wyoming
- Wyoming has higher electricity costs at $19.88 per kWh, versus $13.65 in Fargo.
- Wyoming experiences higher natural gas costs at $15.42 per unit, with costs at $10.8 in Fargo.
- Utility expenses are equal in both Fargo and Wyoming averaging $250.