Cost of Living: Faribault, MN vs Greensboro, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Greensboro |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $226,000 | $303,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Faribault vs Greensboro
- The median home price in Greensboro is higher at $303,000, compared to $226,000 in Faribault.
- The rent for a two-bedroom apartment is equal in both Faribault and Greensboro 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 | Greensboro |
|---|---|---|
| Electricity Price | $16.38 | $13.72 |
| Natural Gas Price | $14.87 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Faribault vs Greensboro
- Electricity costs are higher in Faribault at $16.38 per kWh, compared to $13.72 in Greensboro.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Faribault and Greensboro averaging $250.