Cost of Living: Forest lake, MN vs Woodbine, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Forest lake | Woodbine |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $374,000 | $500,000 |
| Average Rent (2 BR Apartment) | $1500 | $Data is updating |
| Average Rent (2 BR House) | $1600 | $Data is updating |
Housing Comparison: Forest lake vs Woodbine
- The median home price in Woodbine is higher at $500,000, compared to $374,000 in Forest lake.
- The rent for a two-bedroom apartment is equal in both Forest lake and Woodbine at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Forest lake | Woodbine |
|---|---|---|
| Electricity Price | $16.38 | $17.41 |
| Natural Gas Price | $14.87 | $18.44 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Forest lake vs Woodbine
- Woodbine has higher electricity costs at $17.41 per kWh, versus $16.38 in Forest lake.
- Woodbine experiences higher natural gas costs at $18.44 per unit, with costs at $14.87 in Forest lake.
- Utility expenses are equal in both Forest lake and Woodbine averaging $250.