Cost of Living: Faribault, MN vs Naperville, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Naperville |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $226,000 | $395,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2240 |
Housing Comparison: Faribault vs Naperville
- The median home price in Naperville is higher at $395,000, compared to $226,000 in Faribault.
- In Naperville, 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 | Naperville |
|---|---|---|
| Electricity Price | $16.38 | $16.15 |
| Natural Gas Price | $14.87 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Faribault vs Naperville
- Electricity costs are higher in Faribault at $16.38 per kWh, compared to $16.15 in Naperville.
- Naperville experiences higher natural gas costs at $16.59 per unit, with costs at $14.87 in Faribault.
- Utility expenses are equal in both Faribault and Naperville averaging $250.