Cost of Living: New richmond, OH vs Farmington, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New richmond | Farmington |
|---|---|---|
| Housing Index | Data is updating | 110.2 |
| Median Home Price | $227,000 | $346,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1600 |
| Average Rent (2 BR House) | $Data is updating | $1640 |
Housing Comparison: New richmond vs Farmington
- The median home price in Farmington is higher at $346,000, compared to $227,000 in New richmond.
- The rent for a two-bedroom apartment is equal in both New richmond and Farmington at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New richmond | Farmington |
|---|---|---|
| Electricity Price | $15.92 | $16.38 |
| Natural Gas Price | $Data is updating | $14.87 |
| Other Utilities | $Data is updating | $220 |
Utilities Comparison: New richmond vs Farmington
- Farmington has higher electricity costs at $16.38 per kWh, versus $15.92 in New richmond.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both New richmond and Farmington averaging $0.0.