Cost of Living: Faribault, MN vs Clearfield, UT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Clearfield |
|---|---|---|
| Housing Index | 85.0 | 95.0 |
| Median Home Price | $226,000 | $370,000 |
| Average Rent (2 BR Apartment) | $1200 | $1450 |
| Average Rent (2 BR House) | $1280 | $1500 |
Housing Comparison: Faribault vs Clearfield
- The median home price in Clearfield is higher at $370,000, compared to $226,000 in Faribault.
- In Clearfield, the rental for a two-bedroom apartment stands at $1,450, while it is $1,200 in Faribault.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Faribault | Clearfield |
|---|---|---|
| Electricity Price | $16.38 | $11.5 |
| Natural Gas Price | $14.87 | $14 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Faribault vs Clearfield
- Electricity costs are higher in Faribault at $16.38 per kWh, compared to $11.5 in Clearfield.
- Natural gas is more expensive in Faribault at $14.87 per unit, while it is cheaper at $14 in Clearfield.
- Utility expenses are equal in both Faribault and Clearfield averaging $250.