Cost of Living: Owatonna, MN vs Malta, MT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Owatonna | Malta |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $269,000 | $229,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1280 | $1640 |
Housing Comparison: Owatonna vs Malta
- In Owatonna, the median home price is higher at $269,000, while in Malta it is $229,000.
- In Malta, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Owatonna.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Owatonna | Malta |
|---|---|---|
| Electricity Price | $16.38 | $13.58 |
| Natural Gas Price | $14.87 | $8.31 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Owatonna vs Malta
- Electricity costs are higher in Owatonna at $16.38 per kWh, compared to $13.58 in Malta.
- Malta experiences higher natural gas costs at $8.31 per unit, with costs at $14.87 in Owatonna.
- Utility expenses are equal in both Owatonna and Malta averaging $250.