Cost of Living: Hickory, NC vs Minneapolis, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hickory | Minneapolis |
|---|---|---|
| Housing Index | 85.0 | 120.0 |
| Median Home Price | $274,000 | $305,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1325 | $1840 |
Housing Comparison: Hickory vs Minneapolis
- The median home price in Minneapolis is higher at $305,000, compared to $274,000 in Hickory.
- In Minneapolis, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Hickory.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hickory | Minneapolis |
|---|---|---|
| Electricity Price | $13.72 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Hickory vs Minneapolis
- Minneapolis has higher electricity costs at $16.38 per kWh, versus $13.72 in Hickory.
- Natural gas price data is currently unavailable.
- Minneapolis has higher utility expenses, averaging $250, while Hickory averages $150.