Cost of Living: Fishers, IN vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fishers | Faribault |
|---|---|---|
| Housing Index | 110.3 | 85.0 |
| Median Home Price | $380,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1350 | $1200 |
| Average Rent (2 BR House) | $1400 | $1280 |
Housing Comparison: Fishers vs Faribault
- In Fishers, the median home price is higher at $380,000, while in Faribault it is $226,000.
- Renting a two-bedroom apartment costs more in Fishers at $1,350 than in Faribault 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 | Fishers | Faribault |
|---|---|---|
| Electricity Price | $14.89 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Fishers vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $14.89 in Fishers.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Fishers and Faribault averaging $250.