Cost of Living: Forest lake, MN vs Bowman, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Bowman |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $374,000 | $150,000 |
| Average Rent (2 BR Apartment) | $1500 | $Data is updating |
| Average Rent (2 BR House) | $1600 | $Data is updating |
Housing Comparison: Forest lake vs Bowman
- In Forest lake, the median home price is higher at $374,000, while in Bowman it is $150,000.
- The rent for a two-bedroom apartment is equal in both Forest lake and Bowman at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Forest lake | Bowman |
|---|---|---|
| Electricity Price | $16.38 | $14.18 |
| Natural Gas Price | $14.87 | $23.51 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Forest lake vs Bowman
- Electricity costs are higher in Forest lake at $16.38 per kWh, compared to $14.18 in Bowman.
- Bowman experiences higher natural gas costs at $23.51 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Bowman averaging $250.