Cost of Living: North mankato, MN vs Springfield, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | North mankato | Springfield |
|---|---|---|
| Housing Index | 70.2 | 85.0 |
| Median Home Price | $262,500 | $182,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1548 | $1600 |
Housing Comparison: North mankato vs Springfield
- In North mankato, the median home price is higher at $262,500, while in Springfield it is $182,000.
- The rent for a two-bedroom apartment is equal in both North mankato and Springfield at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | North mankato | Springfield |
|---|---|---|
| Electricity Price | $16.38 | $12.87 |
| Natural Gas Price | $14.87 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: North mankato vs Springfield
- Electricity costs are higher in North mankato at $16.38 per kWh, compared to $12.87 in Springfield.
- Springfield experiences higher natural gas costs at $22.78 per unit, with costs at $14.87 in North mankato.
- Utility expenses are equal in both North mankato and Springfield averaging $250.