Cost of Living: Minneapolis, MN vs Inez, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minneapolis | Inez |
|---|---|---|
| Housing Index | 120.0 | Data is updating |
| Median Home Price | $305,000 | $180,000 |
| Average Rent (2 BR Apartment) | $1800 | $Data is updating |
| Average Rent (2 BR House) | $1840 | $Data is updating |
Housing Comparison: Minneapolis vs Inez
- In Minneapolis, the median home price is higher at $305,000, while in Inez it is $180,000.
- The rent for a two-bedroom apartment is equal in both Minneapolis and Inez 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 | Minneapolis | Inez |
|---|---|---|
| Electricity Price | $16.38 | $14.47 |
| Natural Gas Price | $14.87 | $26.29 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Minneapolis vs Inez
- Electricity costs are higher in Minneapolis at $16.38 per kWh, compared to $14.47 in Inez.
- Inez experiences higher natural gas costs at $26.29 per unit, with costs at $14.87 in Minneapolis.
- Utility expenses are equal in both Minneapolis and Inez averaging $250.