Cost of Living: Lynnwood, WA vs Minneapolis, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lynnwood | Minneapolis |
|---|---|---|
| Housing Index | 120.5 | 120.0 |
| Median Home Price | $693,000 | $305,000 |
| Average Rent (2 BR Apartment) | $2300 | $1800 |
| Average Rent (2 BR House) | $2400 | $1840 |
Housing Comparison: Lynnwood vs Minneapolis
- In Lynnwood, the median home price is higher at $693,000, while in Minneapolis it is $305,000.
- Renting a two-bedroom apartment costs more in Lynnwood at $2,300 than in Minneapolis at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lynnwood | Minneapolis |
|---|---|---|
| Electricity Price | $12.34 | $16.38 |
| Natural Gas Price | $18.14 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lynnwood vs Minneapolis
- Minneapolis has higher electricity costs at $16.38 per kWh, versus $12.34 in Lynnwood.
- Natural gas is more expensive in Lynnwood at $18.14 per unit, while it is cheaper at $14.87 in Minneapolis.
- Utility expenses are equal in both Lynnwood and Minneapolis averaging $250.