Cost of Living: Little falls, MN vs Richardson, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Little falls | Richardson |
|---|---|---|
| Housing Index | 95.0 | 110.0 |
| Median Home Price | $84,000 | $381,000 |
| Average Rent (2 BR Apartment) | $1200 | $1895 |
| Average Rent (2 BR House) | $1240 | $1943 |
Housing Comparison: Little falls vs Richardson
- The median home price in Richardson is higher at $381,000, compared to $84,000 in Little falls.
- In Richardson, the rental for a two-bedroom apartment stands at $1,895, while it is $1,200 in Little falls.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Little falls | Richardson |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Little falls vs Richardson
- Electricity costs are higher in Little falls at $16.38 per kWh, compared to $14.47 in Richardson.
- Richardson experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Little falls.
- Utility expenses are equal in both Little falls and Richardson averaging $250.