Cost of Living: Fayetteville, NC vs Farmington, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fayetteville | Farmington |
|---|---|---|
| Housing Index | 90.0 | 110.2 |
| Median Home Price | $264,000 | $346,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1280 | $1640 |
Housing Comparison: Fayetteville vs Farmington
- The median home price in Farmington is higher at $346,000, compared to $264,000 in Fayetteville.
- In Farmington, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Fayetteville.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Fayetteville | Farmington |
|---|---|---|
| Electricity Price | $13.72 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $150 | $220 |
Utilities Comparison: Fayetteville vs Farmington
- Farmington has higher electricity costs at $16.38 per kWh, versus $13.72 in Fayetteville.
- Natural gas price data is currently unavailable.
- Farmington has higher utility expenses, averaging $220, while Fayetteville averages $150.