Cost of Living: Forest lake, MN vs Northbrook, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Northbrook |
|---|---|---|
| Housing Index | 115.0 | 110.0 |
| Median Home Price | $374,000 | $494,000 |
| Average Rent (2 BR Apartment) | $1500 | $2200 |
| Average Rent (2 BR House) | $1600 | $2240 |
Housing Comparison: Forest lake vs Northbrook
- The median home price in Northbrook is higher at $494,000, compared to $374,000 in Forest lake.
- In Northbrook, the rental for a two-bedroom apartment stands at $2,200, 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 | Northbrook |
|---|---|---|
| Electricity Price | $16.38 | $16.15 |
| Natural Gas Price | $14.87 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Forest lake vs Northbrook
- Electricity costs are higher in Forest lake at $16.38 per kWh, compared to $16.15 in Northbrook.
- Northbrook experiences higher natural gas costs at $16.59 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Northbrook averaging $250.