Cost of Living: Forest lake, MN vs Westminster, VT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Westminster |
|---|---|---|
| Housing Index | 115.0 | 120.0 |
| Median Home Price | $374,000 | $275,000 |
| Average Rent (2 BR Apartment) | $1500 | $1800 |
| Average Rent (2 BR House) | $1600 | $1850 |
Housing Comparison: Forest lake vs Westminster
- In Forest lake, the median home price is higher at $374,000, while in Westminster it is $275,000.
- In Westminster, the rental for a two-bedroom apartment stands at $1,800, 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 | Westminster |
|---|---|---|
| Electricity Price | $16.38 | $21.91 |
| Natural Gas Price | $14.87 | $18.28 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Forest lake vs Westminster
- Westminster has higher electricity costs at $21.91 per kWh, versus $16.38 in Forest lake.
- Westminster experiences higher natural gas costs at $18.28 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Westminster averaging $250.