Cost of Living: Forest lake, MN vs Hermitage, PA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Hermitage |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $374,000 | $94,500 |
| Average Rent (2 BR Apartment) | $1500 | $800 |
| Average Rent (2 BR House) | $1600 | $1024 |
Housing Comparison: Forest lake vs Hermitage
- In Forest lake, the median home price is higher at $374,000, while in Hermitage it is $94,500.
- In Hermitage, the rental for a two-bedroom apartment stands at $800, while it is $1,500 in Forest lake.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Forest lake | Hermitage |
|---|---|---|
| Electricity Price | $16.38 | $17.68 |
| Natural Gas Price | $14.87 | $17.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Forest lake vs Hermitage
- Hermitage has higher electricity costs at $17.68 per kWh, versus $16.38 in Forest lake.
- Hermitage experiences higher natural gas costs at $17.61 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Hermitage averaging $250.