Cost of Living: Farmington, MN vs Salem, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Farmington | Salem |
|---|---|---|
| Housing Index | 110.2 | 85.0 |
| Median Home Price | $346,000 | $100,000 |
| Average Rent (2 BR Apartment) | $1600 | $960 |
| Average Rent (2 BR House) | $1640 | $1024 |
Housing Comparison: Farmington vs Salem
- In Farmington, the median home price is higher at $346,000, while in Salem it is $100,000.
- In Salem, the rental for a two-bedroom apartment stands at $960, 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 | Salem |
|---|---|---|
| Electricity Price | $16.38 | $15.92 |
| Natural Gas Price | $14.87 | $Data is updating |
| Other Utilities | $220 | $230 |
Utilities Comparison: Farmington vs Salem
- Electricity costs are higher in Farmington at $16.38 per kWh, compared to $15.92 in Salem.
- Natural gas price data is currently unavailable.
- Salem has higher utility expenses, averaging $230, while Farmington averages $220.