Cost of Living: Indian trail, NC vs Faribault, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Indian trail | Faribault |
|---|---|---|
| Housing Index | 110.0 | 85.0 |
| Median Home Price | $338,000 | $226,000 |
| Average Rent (2 BR Apartment) | $1800 | $1200 |
| Average Rent (2 BR House) | $1840 | $1280 |
Housing Comparison: Indian trail vs Faribault
- In Indian trail, the median home price is higher at $338,000, while in Faribault it is $226,000.
- Renting a two-bedroom apartment costs more in Indian trail at $1,800 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 | Indian trail | Faribault |
|---|---|---|
| Electricity Price | $13.72 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Indian trail vs Faribault
- Faribault has higher electricity costs at $16.38 per kWh, versus $13.72 in Indian trail.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Indian trail and Faribault averaging $250.