Cost of Living: Forest lake, MN vs Maquoketa, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Maquoketa |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $374,000 | $174,300 |
| Average Rent (2 BR Apartment) | $1500 | $1000 |
| Average Rent (2 BR House) | $1600 | $800 |
Housing Comparison: Forest lake vs Maquoketa
- In Forest lake, the median home price is higher at $374,000, while in Maquoketa it is $174,300.
- Renting a two-bedroom apartment costs more in Forest lake at $1,500 than in Maquoketa at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Forest lake | Maquoketa |
|---|---|---|
| Electricity Price | $16.38 | $14.82 |
| Natural Gas Price | $14.87 | $15.61 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Forest lake vs Maquoketa
- Electricity costs are higher in Forest lake at $16.38 per kWh, compared to $14.82 in Maquoketa.
- Maquoketa experiences higher natural gas costs at $15.61 per unit, with costs at $14.87 in Forest lake.
- Other utility costs are higher in Forest lake at an average of $250, compared to Maquoketa with $200.