Cost of Living: Fergus falls, MN vs Richmond, MO

Housing

The housing market plays a significant role in determining the cost of living.

Metric Fergus falls Richmond
Housing Index 85.0 90.0
Median Home Price $248,000 $150,000
Average Rent (2 BR Apartment) $1150 $720
Average Rent (2 BR House) $1456 $800

Housing Comparison: Fergus falls vs Richmond

  • In Fergus falls, the median home price is higher at $248,000, while in Richmond it is $150,000.
  • In Richmond, the rental for a two-bedroom apartment stands at $720, while it is $1,150 in Fergus falls.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Fergus falls Richmond
Electricity Price $16.38 $14.64
Natural Gas Price $14.87 $23.25
Other Utilities $200 $200

Utilities Comparison: Fergus falls vs Richmond

  • Electricity costs are higher in Fergus falls at $16.38 per kWh, compared to $14.64 in Richmond.
  • Richmond experiences higher natural gas costs at $23.25 per unit, with costs at $14.87 in Fergus falls.
  • Utility expenses are equal in both Fergus falls and Richmond averaging $200.