Cost of Living: Faribault, MN vs Palmer, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Faribault | Palmer |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $226,000 | $309,900 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Faribault vs Palmer
- The median home price in Palmer is higher at $309,900, compared to $226,000 in Faribault.
- The rent for a two-bedroom apartment is equal in both Faribault and Palmer 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 | Palmer |
|---|---|---|
| Electricity Price | $16.38 | $28.15 |
| Natural Gas Price | $14.87 | $21.62 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Faribault vs Palmer
- Palmer has higher electricity costs at $28.15 per kWh, versus $16.38 in Faribault.
- Palmer experiences higher natural gas costs at $21.62 per unit, with costs at $14.87 in Faribault.
- Utility expenses are equal in both Faribault and Palmer averaging $250.