Cost of Living: Minneapolis, MN vs New bedford, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minneapolis | New bedford |
|---|---|---|
| Housing Index | 120.0 | 105.0 |
| Median Home Price | $305,000 | $405,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1840 | $1856 |
Housing Comparison: Minneapolis vs New bedford
- The median home price in New bedford is higher at $405,000, compared to $305,000 in Minneapolis.
- The rent for a two-bedroom apartment is equal in both Minneapolis and New bedford 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 | New bedford |
|---|---|---|
| Electricity Price | $16.38 | $28.15 |
| Natural Gas Price | $14.87 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Minneapolis vs New bedford
- New bedford has higher electricity costs at $28.15 per kWh, versus $16.38 in Minneapolis.
- New bedford experiences higher natural gas costs at $21.62 per unit, with costs at $14.87 in Minneapolis.
- Utility expenses are equal in both Minneapolis and New bedford averaging $250.