Cost of Living: Owatonna, MN vs Benton, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Owatonna | Benton |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $269,000 | $196,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Owatonna vs Benton
- In Owatonna, the median home price is higher at $269,000, while in Benton it is $196,000.
- The rent for a two-bedroom apartment is equal in both Owatonna and Benton 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 | Owatonna | Benton |
|---|---|---|
| Electricity Price | $16.38 | $12.36 |
| Natural Gas Price | $14.87 | $17.08 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Owatonna vs Benton
- Electricity costs are higher in Owatonna at $16.38 per kWh, compared to $12.36 in Benton.
- Benton experiences higher natural gas costs at $17.08 per unit, with costs at $14.87 in Owatonna.
- Utility expenses are equal in both Owatonna and Benton averaging $250.