Cost of Living: Minot, ND vs Chicago, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Minot | Chicago |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $273,000 | $310,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1300 | $2250 |
Housing Comparison: Minot vs Chicago
- The median home price in Chicago is higher at $310,000, compared to $273,000 in Minot.
- In Chicago, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Minot.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Minot | Chicago |
|---|---|---|
| Electricity Price | $13.65 | $16.15 |
| Natural Gas Price | $10.8 | $16.59 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Minot vs Chicago
- Chicago has higher electricity costs at $16.15 per kWh, versus $13.65 in Minot.
- Chicago experiences higher natural gas costs at $16.59 per unit, with costs at $10.8 in Minot.
- Chicago has higher utility expenses, averaging $250, while Minot averages $200.