Cost of Living: Faribault, MN vs Cottonwood, ID
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Cottonwood |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $226,000 | $263,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Faribault vs Cottonwood
- The median home price in Cottonwood is higher at $263,000, compared to $226,000 in Faribault.
- The rent for a two-bedroom apartment is equal in both Faribault and Cottonwood 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 | Faribault | Cottonwood |
|---|---|---|
| Electricity Price | $16.38 | $12.28 |
| Natural Gas Price | $14.87 | $9.87 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Faribault vs Cottonwood
- Electricity costs are higher in Faribault at $16.38 per kWh, compared to $12.28 in Cottonwood.
- Cottonwood experiences higher natural gas costs at $9.87 per unit, with costs at $14.87 in Faribault.
- Utility expenses are equal in both Faribault and Cottonwood averaging $250.