Cost of Living: Forest lake, MN vs Texarkana, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Texarkana |
|---|---|---|
| Housing Index | 115.0 | 90.0 |
| Median Home Price | $374,000 | $158,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1600 | $1280 |
Housing Comparison: Forest lake vs Texarkana
- In Forest lake, the median home price is higher at $374,000, while in Texarkana it is $158,000.
- Renting a two-bedroom apartment costs more in Forest lake at $1,500 than in Texarkana 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 | Texarkana |
|---|---|---|
| Electricity Price | $16.38 | $12.36 |
| Natural Gas Price | $14.87 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Forest lake vs Texarkana
- Electricity costs are higher in Forest lake at $16.38 per kWh, compared to $12.36 in Texarkana.
- Texarkana experiences higher natural gas costs at $17.08 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Texarkana averaging $250.