Cost of Living: Faribault, MN vs Marshall, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Marshall |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $226,000 | $187,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Faribault vs Marshall
- In Faribault, the median home price is higher at $226,000, while in Marshall it is $187,000.
- The rent for a two-bedroom apartment is equal in both Faribault and Marshall 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 | Marshall |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Faribault vs Marshall
- Electricity costs are higher in Faribault at $16.38 per kWh, compared to $14.47 in Marshall.
- Marshall experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Faribault.
- Utility expenses are equal in both Faribault and Marshall averaging $250.