Cost of Living: Glenwood, AR vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Glenwood | Faribault |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $150,000 | $226,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $840 | $1280 |
Housing Comparison: Glenwood vs Faribault
- The median home price in Faribault is higher at $226,000, compared to $150,000 in Glenwood.
- Renting a two-bedroom apartment costs more in Glenwood at $800 than in Faribault 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 | Glenwood | Faribault |
|---|---|---|
| Electricity Price | $12.36 | $16.38 |
| Natural Gas Price | $17.08 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Glenwood vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $12.36 in Glenwood.
- Natural gas is more expensive in Glenwood at $17.08 per unit, while it is cheaper at $14.87 in Faribault.
- Utility expenses are equal in both Glenwood and Faribault averaging $250.