Cost of Living: Faribault, MN vs Milford, CT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Milford |
|---|---|---|
| Housing Index | 85.0 | 125.0 |
| Median Home Price | $226,000 | $376,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2250 |
Housing Comparison: Faribault vs Milford
- The median home price in Milford is higher at $376,000, compared to $226,000 in Faribault.
- In Milford, the rental for a two-bedroom apartment stands at $2,200, 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 | Milford |
|---|---|---|
| Electricity Price | $16.38 | $26 |
| Natural Gas Price | $14.87 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Faribault vs Milford
- Milford has higher electricity costs at $26 per kWh, versus $16.38 in Faribault.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Faribault and Milford averaging $250.