Cost of Living: Faribault, MN vs Evansville, IN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Evansville |
|---|---|---|
| Housing Index | 85.0 | 80.0 |
| Median Home Price | $226,000 | $210,000 |
| Average Rent (2 BR Apartment) | $1200 | $950 |
| Average Rent (2 BR House) | $1280 | $960 |
Housing Comparison: Faribault vs Evansville
- In Faribault, the median home price is higher at $226,000, while in Evansville it is $210,000.
- In Evansville, the rental for a two-bedroom apartment stands at $950, 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 | Evansville |
|---|---|---|
| Electricity Price | $16.38 | $14.89 |
| Natural Gas Price | $14.87 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Faribault vs Evansville
- Electricity costs are higher in Faribault at $16.38 per kWh, compared to $14.89 in Evansville.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Faribault at an average of $250, compared to Evansville with $200.