Cost of Living: Farmington, MN vs Lewisville, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Lewisville |
|---|---|---|
| Housing Index | 110.2 | 98.0 |
| Median Home Price | $346,000 | $368,100 |
| Average Rent (2 BR Apartment) | $1600 | $1800 |
| Average Rent (2 BR House) | $1640 | $1870 |
Housing Comparison: Farmington vs Lewisville
- The median home price in Lewisville is higher at $368,100, compared to $346,000 in Farmington.
- In Lewisville, the rental for a two-bedroom apartment stands at $1,800, while it is $1,600 in Farmington.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Farmington | Lewisville |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $220 | $225 |
Utilities Comparison: Farmington vs Lewisville
- Electricity costs are higher in Farmington at $16.38 per kWh, compared to $14.47 in Lewisville.
- Lewisville experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Farmington.
- Lewisville has higher utility expenses, averaging $225, while Farmington averages $220.