Cost of Living: Forest lake, MN vs Palatka, FL

Housing

The housing market plays a significant role in determining the cost of living.

Metric Forest lake Palatka
Housing Index 115.0 70.0
Median Home Price $374,000 $199,000
Average Rent (2 BR Apartment) $1500 $1200
Average Rent (2 BR House) $1600 $1280

Housing Comparison: Forest lake vs Palatka

  • In Forest lake, the median home price is higher at $374,000, while in Palatka it is $199,000.
  • Renting a two-bedroom apartment costs more in Forest lake at $1,500 than in Palatka 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 Forest lake Palatka
Electricity Price $16.38 $13.89
Natural Gas Price $14.87 $26.13
Other Utilities $250 $200

Utilities Comparison: Forest lake vs Palatka

  • Electricity costs are higher in Forest lake at $16.38 per kWh, compared to $13.89 in Palatka.
  • Palatka experiences higher natural gas costs at $26.13 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 Palatka with $200.