Cost of Living: Medford, MA vs Forest lake, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Medford | Forest lake |
|---|---|---|
| Housing Index | 120.0 | 115.0 |
| Median Home Price | $482,000 | $374,000 |
| Average Rent (2 BR Apartment) | $2500 | $1500 |
| Average Rent (2 BR House) | $2350 | $1600 |
Housing Comparison: Medford vs Forest lake
- In Medford, the median home price is higher at $482,000, while in Forest lake it is $374,000.
- Renting a two-bedroom apartment costs more in Medford at $2,500 than in Forest lake at $1,500.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Medford | Forest lake |
|---|---|---|
| Electricity Price | $28.15 | $16.38 |
| Natural Gas Price | $21.62 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Medford vs Forest lake
- Electricity costs are higher in Medford at $28.15 per kWh, compared to $16.38 in Forest lake.
- Natural gas is more expensive in Medford at $21.62 per unit, while it is cheaper at $14.87 in Forest lake.
- Utility expenses are equal in both Medford and Forest lake averaging $250.