Cost of Living: Farmington, MN vs Covington, TN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Covington |
|---|---|---|
| Housing Index | 110.2 | 85.0 |
| Median Home Price | $346,000 | $205,000 |
| Average Rent (2 BR Apartment) | $1600 | $1200 |
| Average Rent (2 BR House) | $1640 | $1000 |
Housing Comparison: Farmington vs Covington
- In Farmington, the median home price is higher at $346,000, while in Covington it is $205,000.
- Renting a two-bedroom apartment costs more in Farmington at $1,600 than in Covington 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 | Farmington | Covington |
|---|---|---|
| Electricity Price | $16.38 | $12.57 |
| Natural Gas Price | $14.87 | $12.35 |
| Other Utilities | $220 | $200 |
Utilities Comparison: Farmington vs Covington
- Electricity costs are higher in Farmington at $16.38 per kWh, compared to $12.57 in Covington.
- Natural gas is more expensive in Farmington at $14.87 per unit, while it is cheaper at $12.35 in Covington.
- Other utility costs are higher in Farmington at an average of $220, compared to Covington with $200.