Cost of Living: Luray, VA vs Farmington, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Luray | Farmington |
|---|---|---|
| Housing Index | 95.0 | 110.2 |
| Median Home Price | $261,000 | $346,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1360 | $1640 |
Housing Comparison: Luray vs Farmington
- The median home price in Farmington is higher at $346,000, compared to $261,000 in Luray.
- In Farmington, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Luray.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Luray | Farmington |
|---|---|---|
| Electricity Price | $15.31 | $16.38 |
| Natural Gas Price | $19.91 | $14.87 |
| Other Utilities | $240 | $220 |
Utilities Comparison: Luray vs Farmington
- Farmington has higher electricity costs at $16.38 per kWh, versus $15.31 in Luray.
- Natural gas is more expensive in Luray at $19.91 per unit, while it is cheaper at $14.87 in Farmington.
- Other utility costs are higher in Luray at an average of $240, compared to Farmington with $220.